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 March 2023

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.

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

+$16,054(+6.4%)

Key Takeaway

Homes in Rutherford County have sold for 6.4% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $150K$150K
0.0%
2 $215.2K$240K
+11.5%
3 $259.6K$265.6K
+2.3%
4 $289.9K$400K
+38.0%
5+ $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
+6.7%
Rutherford County
+6.4%
McDowell County
+5.5%
Henderson County
+5.3%
Cleveland County
+4.4%

Housing Supply in Rutherford County, NC

How many homes are available in Rutherford County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
289325+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

# BEDSFeb 2024Mar 2024CHANGE
1 77
0.0%
2 6274
+19.4%
3 167179
+7.2%
4 3546
+31.4%
5+ 1819
+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 2024Mar 2024CHANGE
4859+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutherford County, you may be able to get a good deal. 69.5% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
51 Days61 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 18 Days Ago

Newest Listings in Rutherford County, NC

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