Is Rutherford 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, Rutherford County has remained a Seller's Market.
Housing Prices in Rutherford County, NC
How much do homes in Rutherford County, NC cost?
Median Sold Price
$266,366
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rutherford County was $266,366 in March 2024, up 6.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $150K | 0.0% |
2 Bedrooms | $215.2K | $240K | +11.5% |
3 Bedrooms | $259.6K | $265.6K | +2.3% |
4 Bedrooms | $289.9K | $400K | +38.0% |
5+ Bedrooms | $587.5K | $500K | -14.9% |
Summary: Rutherford County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 38%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Counties
Polk County | $398.3K | $425K | +6.7% |
Rutherford County | $250.3K | $266.3K | +6.4% |
McDowell County | $279.5K | $295K | +5.5% |
Henderson County | $422.4K | $444.9K | +5.3% |
Cleveland County | $225K | $234.8K | +4.4% |
Housing Supply in Rutherford County, NC
How many homes are available in Rutherford County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
289 | 325 | +12.5% |
Summary: The Rutherford County real estate market had 325 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 62 | 74 | +19.4% |
3 Bedrooms | 167 | 179 | +7.2% |
4 Bedrooms | 35 | 46 | +31.4% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Rutherford County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 59 | +22.9% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in Rutherford County in March 2024, up by 22.9% month-over-month. Of the 59 sold homes, 69% were sold under asking, 22% were sold at asking, and 8% were sold over asking.
Days on Market for Rutherford County, NC
How long does it take to sell a home in Rutherford County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 61 Days | +20.4% |
Summary: Homes in Rutherford County had an average of 61 days on market in Mar 2024, up by 20.4% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 59 homes were sold in Rutherford County; 47% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.