Is Riverbend Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Riverbend Township has remained a Seller's Market.
Housing Prices in Riverbend Township, NC
How much do homes in Riverbend Township, NC cost?
Median Sold Price
$350,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Riverbend Township was $350,000 in February 2024, up 3.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | - | N/A |
2 Bedrooms | $224.4K | $219.9K | -2.0% |
3 Bedrooms | $330K | $340K | +3.0% |
4 Bedrooms | $442K | $425K | -3.8% |
5+ Bedrooms | $445K | $594.1K | +33.5% |
Summary: Riverbend Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 33.5%.
Median Sold Price Compared To Nearby Cities
Stanley | $320K | $340K | +6.3% |
Riverbend Township | $339K | $350K | +3.2% |
Mount Holly | $350K | $350K | 0.0% |
Ranlo | $285K | $270K | -5.3% |
Housing Supply in Riverbend Township, NC
How many homes are available in Riverbend Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
121 | 126 | +4.1% |
Summary: The Riverbend Township real estate market had 126 homes for sale in February 2024, a 4.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 22 | -8.3% |
3 Bedrooms | 65 | 73 | +12.3% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Riverbend Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
25 | 25 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Riverbend Township in February 2024, the same as the previous month. Of the 25 sold homes, 60% were sold under asking, 36% were sold at asking, and 4% were sold over asking.
Days on Market for Riverbend Township, NC
How long does it take to sell a home in Riverbend Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 55 Days | +41.3% |
Summary: Homes in Riverbend Township had an average of 55 days on market in Feb 2024, up by 41.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 25 homes were sold in Riverbend Township; 40% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.