Is Raeford, 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, Raeford has remained a Seller's Market.
Key Takeaway
Raeford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raeford, NC
How much do homes in Raeford, NC cost?
Median Sold Price
$281,933
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Raeford have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Raeford was $281,933 in April 2024, up 6.4% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $22K | -75.6% |
| 2 Bedrooms | $124.5K | $142.2K | +14.2% |
| 3 Bedrooms | $242.5K | $256.5K | +5.8% |
| 4 Bedrooms | $309.7K | $334K | +7.8% |
| 5+ Bedrooms | $372K | $393K | +5.6% |
Summary: Raeford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Raeford Township | $265K | $282.3K | +6.5% |
| Raeford | $265K | $281.9K | +6.4% |
Housing Supply in Raeford, NC
How many homes are available in Raeford, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 209 | 209 | 0.0% |
Summary: The Raeford real estate market had 209 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 129 | 116 | -10.1% |
| 4 Bedrooms | 65 | 73 | +12.3% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Raeford 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 increased by 100%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 56 | +21.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raeford, expect to pay close to the asking price. 46.4% of homes here sold near the asking price last month.
Summary: A total of 56 homes were sold or pending in Raeford in April 2024, up by 21.7% month-over-month. Of the 56 sold homes, 27% were sold under asking, 46% were sold at asking, and 27% were sold over asking.
Days on Market for Raeford, NC
How long does it take to sell a home in Raeford, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 45 Days | -22.8% |
Summary: Homes in Raeford had an average of 45 days on market in Apr 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Raeford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 56 homes were sold in Raeford; 66% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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