Is Rutherford County, 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, Rutherford County was a Seller's Market.
Housing Prices in Rutherford County, NC
How much do homes in Rutherford County, NC cost?
Median Sold Price
$264,694
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rutherford County was $264,694 in April 2024, up 5.8% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $150K | 0.0% |
2 Bedrooms | $212.2K | $237K | +11.7% |
3 Bedrooms | $260K | $265K | +1.9% |
4 Bedrooms | $289.9K | $400K | +38.0% |
5+ Bedrooms | $590K | $457K | -22.5% |
Summary: Rutherford County 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 increased by 11.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 38%, and 5+ bedroom homes decreased by 22.5%.
Median Sold Price Compared To Nearby Counties
Polk County | $390K | $417.2K | +7.0% |
McDowell County | $279K | $295.8K | +6.0% |
Rutherford County | $250.1K | $264.6K | +5.8% |
Henderson County | $424.5K | $448.8K | +5.7% |
Cleveland County | $225.2K | $234.6K | +4.2% |
Housing Supply in Rutherford County, NC
How many homes are available in Rutherford County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
310 | 355 | +14.5% |
Summary: The Rutherford County real estate market had 355 homes for sale in April 2024, a 14.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 74 | 96 | +29.7% |
3 Bedrooms | 168 | 186 | +10.7% |
4 Bedrooms | 44 | 44 | 0.0% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Rutherford County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 51 | -19.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Rutherford County in April 2024, down by 19.0% month-over-month. Of the 50 sold homes, 60% were sold under asking, 22% were sold at asking, and 18% were sold over asking.
Days on Market for Rutherford County, NC
How long does it take to sell a home in Rutherford County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 63 Days | +94.7% |
Summary: Homes in Rutherford County had an average of 63 days on market in Apr 2024, up by 94.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Rutherford County; 59% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.