Is Spindale, 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, Spindale has remained a Seller's Market.
Key Takeaway
Spindale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spindale, NC
How much do homes in Spindale, NC cost?
Median Sold Price
$160,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Spindale have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Spindale was $160,000 in April 2024, down 2.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140.2K | N/A |
| 2 Bedrooms | $150K | $129.4K | -13.7% |
| 3 Bedrooms | $173.9K | $192.2K | +10.6% |
| 4 Bedrooms | $184K | $178K | -3.3% |
| 5+ Bedrooms | $239.9K | $1.9M | +710.8% |
Summary: Spindale 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 13.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 710.8%.
Median Sold Price Compared To Nearby Cities
| Forest City | $186.5K | $215K | +15.3% |
| Rutherfordton | $262.1K | $299.5K | +14.3% |
| Cool Spring Township | $195K | $216K | +10.8% |
| Rutherfordton Township | $234K | $250K | +6.8% |
| Spindale | $164K | $160K | -2.4% |
Housing Supply in Spindale, NC
How many homes are available in Spindale, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Summary: The Spindale real estate market had 33 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Spindale 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 remained the same, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spindale, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Spindale in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Spindale, NC
How long does it take to sell a home in Spindale, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 55 Days | +40.0% |
Summary: Homes in Spindale had an average of 55 days on market in Apr 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spindale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Spindale; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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