Is River Bend, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, River Bend has remained a Seller's Market.
Key Takeaway
River Bend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in River Bend, NC cost?
Median Sold Price
$229,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in River Bend have sold for 2% more than they did a year ago.
Summary: The median home sold price in River Bend was $229,500 in August 2023, up 2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $139K | $172.2K | +23.9% |
| 3 Bedrooms | $255K | $260K | +2.0% |
| 4 Bedrooms | $400K | $380K | -5.0% |
| 5+ Bedrooms | $345K | - | N/A |
Summary: River Bend housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes did not change.
Housing Supply
How many homes are available in River Bend, NC?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The River Bend real estate market had 18 homes for sale in August 2023, the same as July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 3 | -62.5% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The River Bend housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 62.5%, 3 bedroom homes increased by 83.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Bend, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in River Bend in August 2023, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market
How long does it take to sell a home in River Bend, NC?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 12 Days | 12 Days | +5.6% |
Summary: Homes in River Bend had an average of 12 days on market in Aug 2023, up by 5.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in River Bend are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 6 homes were sold in River Bend; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
