Is Rutherfordton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutherfordton is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Rutherfordton, NC

How much do homes in Rutherfordton, NC cost?

Median Sold Price

$303,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$53,000(+21.2%)

Key Takeaway

Homes in Rutherfordton have sold for 21.2% more than they did a year ago.

Summary: The median home sold price in Rutherfordton was $303,000 in March 2024, up 21.2% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$296K
N/A
2 $161.2K$210K
+30.2%
3 $265K$300K
+13.2%
4 $310K$375K
+21.0%
5+ $485K$544K
+12.2%

Summary: Rutherfordton 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 30.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Cities

Rutherfordton
+21.2%
Rutherfordton Township
+11.1%
Spindale
-3.7%
Green Hill Township
-21.3%

Housing Supply in Rutherfordton, NC

How many homes are available in Rutherfordton, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7495+28.4%

Summary: The Rutherfordton real estate market had 95 homes for sale in March 2024, a 28.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1419
+35.7%
3 4351
+18.6%
4 1117
+54.5%
5+ 57
+40.0%

Summary: The Rutherfordton 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 35.7%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
717+142.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutherfordton, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Rutherfordton in March 2024, up by 142.9% month-over-month. Of the 17 sold homes, 76% were sold under asking, 24% were sold at asking, and 0% were sold over asking.

Days on Market for Rutherfordton, NC

How long does it take to sell a home in Rutherfordton, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
47 Days63 Days+31.8%

Summary: Homes in Rutherfordton had an average of 63 days on market in Mar 2024, up by 31.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 17 homes were sold in Rutherfordton; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% 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 22 Days Ago

Newest Listings in Rutherfordton, NC

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