Is Reidsville Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Reidsville Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Reidsville Township has remained a Seller's Market.

Key Takeaway

Reidsville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Reidsville Township, NC

How much do homes in Reidsville Township, NC cost?

Median Sold Price

$219,666

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,766(+9.3%)

Key Takeaway

Homes in Reidsville Township have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Reidsville Township was $219,666 in April 2024, up 9.3% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $37K$73K
+97.3%
2 $135K$134K
-0.7%
3 $210K$237.4K
+13.1%
4 $285K$354K
+24.2%
5+ $345K$245K
-29.0%

Summary: Reidsville Township 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
+19.8%
Reidsville
+9.5%
Reidsville Township
+9.3%
Ruffin Township
-7.1%

Housing Supply in Reidsville Township, NC

How many homes are available in Reidsville Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
114113-0.9%

Summary: The Reidsville Township 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

# BEDSMar 2024Apr 2024CHANGE
1 32
-33.3%
2 1922
+15.8%
3 7971
-10.1%
4 1011
+10.0%
5+ 37
+133.3%

Summary: The Reidsville Township 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 2024Apr 2024CHANGE
3524-31.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Reidsville Township, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Reidsville Township 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 Township, NC

How long does it take to sell a home in Reidsville Township, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
28 Days36 Days+30.8%

Summary: Homes in Reidsville Township 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Reidsville Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 24 homes were sold in Reidsville Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Reidsville Township, NC

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