Is Richmond County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Richmond County has remained a Seller's Market.
Housing Prices in Richmond County, NC
How much do homes in Richmond County, NC cost?
Median Sold Price
$169,900
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Richmond County was $169,900 in March 2024, up 10.5% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $47.5K | -64.8% |
2 Bedrooms | $104K | $99.9K | -3.9% |
3 Bedrooms | $165K | $180K | +9.1% |
4 Bedrooms | $193.5K | $292.4K | +51.1% |
5+ Bedrooms | $185K | $250K | +35.1% |
Summary: Richmond County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.8%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 51.1%, and 5+ bedroom homes increased by 35.1%.
Median Sold Price Compared To Nearby Counties
Anson County | $148K | $166.2K | +12.3% |
Richmond County | $153.7K | $169.9K | +10.5% |
Montgomery County | $210.7K | $228.2K | +8.3% |
Moore County | $420.1K | $444.9K | +5.9% |
Scotland County | $190K | $172K | -9.5% |
Housing Supply in Richmond County, NC
How many homes are available in Richmond County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 106 | +11.6% |
Summary: The Richmond County real estate market had 106 homes for sale in March 2024, a 11.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 57 | 65 | +14.0% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Richmond County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 21 | +31.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Richmond County in March 2024, up by 31.3% month-over-month. Of the 21 sold homes, 62% were sold under asking, 5% were sold at asking, and 33% were sold over asking.
Days on Market for Richmond County, NC
How long does it take to sell a home in Richmond County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 53 Days | +64.5% |
Summary: Homes in Richmond County had an average of 53 days on market in Mar 2024, up by 64.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Richmond County; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.