Is Randleman, 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, Randleman has remained a Seller's Market.
Key Takeaway
Randleman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Randleman, NC
How much do homes in Randleman, NC cost?
Median Sold Price
$253,950
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Randleman have sold for 2% more than they did a year ago.
Summary: The median home sold price in Randleman was $253,950 in April 2024, up 2% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $325K | +306.3% |
| 2 Bedrooms | $165K | $182.7K | +10.8% |
| 3 Bedrooms | $250K | $270K | +8.0% |
| 4 Bedrooms | $340K | $272.5K | -19.9% |
| 5+ Bedrooms | - | $719.5K | N/A |
Summary: Randleman housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 306.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 19.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Providence Township | $309.5K | $325K | +5.0% |
| Randleman | $249K | $253.9K | +2.0% |
| Randleman Township | $250K | $255K | +2.0% |
| Level Cross Township | $283.2K | $280K | -1.2% |
| Back Creek Township | $330K | $317K | -3.9% |
Housing Supply in Randleman, NC
How many homes are available in Randleman, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The Randleman real estate market had 45 homes for sale in April 2024, a 25.0% 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 | 10 | 12 | +20.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Randleman 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 20%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Randleman, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Randleman in April 2024, up by 9.1% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Randleman, NC
How long does it take to sell a home in Randleman, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 29 Days | +97.9% |
Summary: Homes in Randleman had an average of 29 days on market in Apr 2024, up by 97.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Randleman are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Randleman; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
