Is Scotland County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scotland County is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Scotland County was a Neutral Market.

Key Takeaway

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

Housing Prices in Scotland County, NC

How much do homes in Scotland County, NC cost?

Median Sold Price

$172,000

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$18,000(-9.5%)

Key Takeaway

Homes in Scotland County have sold for 9.5% less than they did a year ago.

Summary: The median home sold price in Scotland County was $172,000 in March 2024, down 9.5% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $38K-
N/A
2 $75K$91.7K
+22.3%
3 $158K$170.5K
+7.9%
4 $330K$265K
-19.7%
5+ $324.9K$244.7K
-24.7%

Summary: Scotland 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 22.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes decreased by 24.7%.

Median Sold Price Compared To Nearby Counties

Richmond County
+10.5%
Robeson County
+7.6%
Hoke County
+5.3%
Scotland County
-9.5%

Housing Supply in Scotland County, NC

How many homes are available in Scotland County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6872+5.9%

Summary: The Scotland County real estate market had 72 homes for sale in March 2024, a 5.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 913
+44.4%
3 3436
+5.9%
4 2120
-4.8%
5+ 43
-25.0%

Summary: The Scotland 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 44.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1117+54.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scotland County, you may be able to get a good deal. 35.3% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Scotland County in March 2024, up by 54.5% month-over-month. Of the 17 sold homes, 35% were sold under asking, 35% were sold at asking, and 29% were sold over asking.

Days on Market for Scotland County, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
103 Days45 Days-55.8%

Summary: Homes in Scotland County had an average of 45 days on market in Mar 2024, down by 55.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 17 homes were sold in Scotland County; 59% of homes were sold within 30 days, 24% 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 24 Days Ago

Newest Listings in Scotland County, NC

Nearby Markets to Scotland County, NC

What housing markets are near Scotland County, NC?