Is Spindale, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Spindale has remained a Seller's Market.
Housing Prices in Spindale, NC
How much do homes in Spindale, NC cost?
Median Sold Price
$158,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Spindale was $158,000 in February 2024, down 3.7% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $143K | N/A |
2 Bedrooms | $150K | $129.4K | -13.7% |
3 Bedrooms | $174.4K | $179.9K | +3.1% |
4 Bedrooms | $211.5K | $199K | -5.9% |
5+ Bedrooms | $239.9K | $1.9M | +710.8% |
Summary: Spindale housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 710.8%.
Median Sold Price Compared To Nearby Cities
Rutherfordton | $252K | $292.5K | +16.1% |
Rutherfordton Township | $228.7K | $250K | +9.3% |
Forest City | $189.7K | $205.7K | +8.4% |
Cool Spring Township | $195.5K | $203.5K | +4.1% |
Spindale | $164K | $158K | -3.7% |
Housing Supply in Spindale, NC
How many homes are available in Spindale, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Summary: The Spindale real estate market had 29 homes for sale in February 2024, a 3.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Spindale housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Spindale in February 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Spindale, NC
How long does it take to sell a home in Spindale, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
69 Days | 64 Days | -7.4% |
Summary: Homes in Spindale had an average of 64 days on market in Feb 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Spindale; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.