Is Ranlo, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ranlo was a Seller's Market.
Housing Prices in Ranlo, NC
How much do homes in Ranlo, NC cost?
Median Sold Price
$263,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ranlo was $263,500 in April 2024, down 7.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $156.7K | N/A |
2 Bedrooms | $203.7K | $187.5K | -8.0% |
3 Bedrooms | $295.5K | $274.4K | -7.1% |
4 Bedrooms | $391K | $375K | -4.1% |
5+ Bedrooms | $427.7K | - | N/A |
Summary: Ranlo 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 8%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lowell | $265K | $275K | +3.8% |
Dallas Township | $289.9K | $299K | +3.1% |
South Point Township | $374.9K | $375.2K | 0.1% |
Gastonia Township | $274.9K | $274.9K | 0% |
Ranlo | $285K | $263.5K | -7.5% |
Housing Supply in Ranlo, NC
How many homes are available in Ranlo, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Summary: The Ranlo real estate market had 18 homes for sale in April 2024, a 28.6% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 5 | 10 | +100.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ranlo 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 decreased by 25%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Ranlo in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Ranlo, NC
How long does it take to sell a home in Ranlo, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
110 Days | 40 Days | -63.9% |
Summary: Homes in Ranlo had an average of 40 days on market in Apr 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Ranlo; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.