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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spindale is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

-$6,000(-3.7%)

Key Takeaway

Homes in Spindale have sold for 3.7% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$143K
N/A
2 $150K$129.4K
-13.7%
3 $174.4K$179.9K
+3.1%
4 $211.5K$199K
-5.9%
5+ $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
+16.1%
Rutherfordton Township
+9.3%
Forest City
+8.4%
Cool Spring Township
+4.1%
Spindale
-3.7%

Housing Supply in Spindale, NC

How many homes are available in Spindale, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2829+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

# BEDSJan 2024Feb 2024CHANGE
1 21
-50.0%
2 911
+22.2%
3 1312
-7.7%
4 23
+50.0%
5+ 22
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 2024Feb 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spindale, you may be able to get a good deal. 60% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
69 Days64 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Spindale has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Spindale, NC

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