Is Old Richmond Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Old Richmond Township has remained a Seller's Market.
Key Takeaway
Old Richmond Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Richmond Township, NC
How much do homes in Old Richmond Township, NC cost?
Median Sold Price
$267,495
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Old Richmond Township have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Old Richmond Township was $267,495 in April 2024, up 7.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | - | N/A |
| 2 Bedrooms | $180K | $137.5K | -23.6% |
| 3 Bedrooms | $245K | $272.5K | +11.2% |
| 4 Bedrooms | $333.4K | $289.9K | -13.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Old Richmond Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tobaccoville | $244K | $288K | +18.0% |
| Old Richmond Township | $248.5K | $267.4K | +7.6% |
| Pfafftown | $333.9K | $340K | +1.8% |
| Bethania Township | $255K | $259.5K | +1.8% |
| King | $289.9K | $272.4K | -6.0% |
Housing Supply in Old Richmond Township, NC
How many homes are available in Old Richmond Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Summary: The Old Richmond Township real estate market had 18 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Old Richmond Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Richmond Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Old Richmond Township in April 2024, up by 150.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Old Richmond Township, NC
How long does it take to sell a home in Old Richmond Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 11 Days | -63.8% |
Summary: Homes in Old Richmond Township had an average of 11 days on market in Apr 2024, down by 63.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Old Richmond Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Old Richmond Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
