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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutherfordton Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Rutherfordton Township, NC

How much do homes in Rutherfordton Township, NC cost?

Median Sold Price

$250,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,000(+6.8%)

Key Takeaway

Homes in Rutherfordton Township have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Rutherfordton Township was $250,000 in April 2024, up 6.8% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $240K$182.5K
-24.0%
2 $150K$163K
+8.7%
3 $282.5K$253K
-10.4%
4 $294.7K$320K
+8.6%
5+ $481K$544K
+13.1%

Summary: Rutherfordton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 13.1%.

Median Sold Price Compared To Nearby Cities

Forest City
+15.3%
Rutherfordton
+14.3%
Rutherfordton Township
+6.8%
Spindale
-2.4%

Housing Supply in Rutherfordton Township, NC

How many homes are available in Rutherfordton Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
120127+5.8%

Summary: The Rutherfordton Township real estate market had 127 homes for sale in April 2024, a 5.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 2932
+10.3%
3 6165
+6.6%
4 2119
-9.5%
5+ 78
+14.3%

Summary: The Rutherfordton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2625-3.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutherfordton Township, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Rutherfordton Township in April 2024, down by 3.8% month-over-month. Of the 25 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.

Days on Market for Rutherfordton Township, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
28 Days41 Days+44.4%

Summary: Homes in Rutherfordton Township had an average of 41 days on market in Apr 2024, up by 44.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 25 homes were sold in Rutherfordton Township; 72% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 20% 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 3 Days Ago

Newest Listings in Rutherfordton Township, NC

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