Is Richmond County, 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, Richmond County has remained a Seller's Market.
Housing Prices in Richmond County, NC
How much do homes in Richmond County, NC cost?
Median Sold Price
$165,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Richmond County was $165,000 in April 2024, up 4.7% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.5K | $50K | -65.2% |
2 Bedrooms | $104K | $94K | -9.6% |
3 Bedrooms | $165.5K | $179.5K | +8.5% |
4 Bedrooms | $237.4K | $292.4K | +23.2% |
5+ Bedrooms | $250K | $309.9K | +24.0% |
Summary: Richmond County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.2%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 24%.
Median Sold Price Compared To Nearby Counties
Anson County | $150K | $170K | +13.3% |
Moore County | $419.9K | $449.2K | +7.0% |
Montgomery County | $214.7K | $225K | +4.8% |
Richmond County | $157.6K | $165K | +4.7% |
Scotland County | $187.9K | $169.3K | -9.9% |
Housing Supply in Richmond County, NC
How many homes are available in Richmond County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 105 | +1.0% |
Summary: The Richmond County real estate market had 105 homes for sale in April 2024, a 1.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 65 | 58 | -10.8% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Richmond County 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 15%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 22 | +4.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Richmond County in April 2024, up by 4.8% month-over-month. Of the 22 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Richmond County, NC
How long does it take to sell a home in Richmond County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 34 Days | -26.6% |
Summary: Homes in Richmond County had an average of 34 days on market in Apr 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Richmond County; 77% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.