Is Rutherfordton, 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, Rutherfordton has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $296K | N/A |
2 Bedrooms | $161.2K | $210K | +30.2% |
3 Bedrooms | $265K | $300K | +13.2% |
4 Bedrooms | $310K | $375K | +21.0% |
5+ Bedrooms | $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 | $250K | $303K | +21.2% |
Rutherfordton Township | $227.5K | $252.6K | +11.1% |
Spindale | $163K | $157K | -3.7% |
Green Hill Township | $430K | $338.5K | -21.3% |
Housing Supply in Rutherfordton, NC
How many homes are available in Rutherfordton, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 95 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 19 | +35.7% |
3 Bedrooms | 43 | 51 | +18.6% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 5 | 7 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 17 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 63 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
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.