Is Reidsville, 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, Reidsville has remained a Seller's Market.
Housing Prices in Reidsville, NC
How much do homes in Reidsville, NC cost?
Median Sold Price
$219,666
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Reidsville was $219,666 in April 2024, up 9.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37K | $73K | +97.3% |
2 Bedrooms | $135K | $134K | -0.7% |
3 Bedrooms | $210K | $237.4K | +13.1% |
4 Bedrooms | $285K | $354K | +24.2% |
5+ Bedrooms | $345K | $245K | -29.0% |
Summary: Reidsville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.3%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes decreased by 29%.
Median Sold Price Compared To Nearby Cities
Wentworth Township | $229.5K | $275K | +19.8% |
Reidsville | $200.6K | $219.6K | +9.5% |
Reidsville Township | $200.9K | $219.6K | +9.3% |
Simpsonville Township | $385.1K | $395K | +2.6% |
Housing Supply in Reidsville, NC
How many homes are available in Reidsville, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
114 | 113 | -0.9% |
Summary: The Reidsville real estate market had 113 homes for sale in April 2024, a 0.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 19 | 22 | +15.8% |
3 Bedrooms | 79 | 71 | -10.1% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Reidsville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 24 | -31.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Reidsville in April 2024, down by 31.4% month-over-month. Of the 24 sold homes, 38% were sold under asking, 17% were sold at asking, and 46% were sold over asking.
Days on Market for Reidsville, NC
How long does it take to sell a home in Reidsville, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 36 Days | +30.8% |
Summary: Homes in Reidsville had an average of 36 days on market in Apr 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Reidsville; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.