Is Rutherford County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutherford County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Rutherford County has remained a Seller's Market.

Key Takeaway

Rutherford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Rutherford County, NC cost?

Median Sold Price

$262,666

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$10,095(+4.0%)

Key Takeaway

Homes in Rutherford County have sold for 4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $68.5K$122.5K
+78.8%
2 $220K$225K
+2.3%
3 $261.8K$269.7K
+3.0%
4 $347.5K$360K
+3.6%
5+ $473K$667.5K
+41.1%

Median Sold Price Compared To Nearby Counties

McDowell County
+22.5%
Cleveland County
+19.0%
Henderson County
+16.4%
Polk County
+11.0%
Rutherford County
+4.0%

How many homes are available in Rutherford County, NC?

Number of Homes For Sale

Sep 2022Oct 2022%
350338-3.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 118
-27.3%
2 8786
-1.1%
3 196193
-1.5%
4 4137
-9.8%
5+ 1514
-6.7%

Number of Homes Sold

Sep 2022Oct 2022%
8476-9.5%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutherford County, you may be able to get a good deal. 71.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
23 Days45 Days+90.6%

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rutherford County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Rutherford County, NC

Number of homes for sale in Rutherford County, NC real estate market have reached 338. The number of homes for sale in Rutherford County, NC decreased by 3.4% between September 2022 and October 2022. Listings spent 45 days on the market in October 2022, and had a median list price of $262,666 during the same period. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 78.8%, prices of 2 bedrooms properties increased by 2.3%, 3 bedrooms properties prices increased by 3%, 4 bedrooms properties became 3.6% more expensive, prices of 5 bedrooms properties increased by 41.1%. Volume of homes for sale changed: 1 bedroom homes became 27.3% less available, volume of 2 bedrooms homes went down by 1.1%, volume of 3 bedrooms homes went down by 1.5%, 4 bedrooms homes inventory decreased by 9.8%, the quantity of 5 bedrooms homes went down by 6.7%. In October 2022 more than 12 listings in Rutherford County, NC were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 54 were sold below.

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