Is Rutherfordton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rutherfordton has remained a Seller's Market.
Housing Prices in Rutherfordton, NC
How much do homes in Rutherfordton, NC cost?
Median Sold Price
$303,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rutherfordton was $303,000 in May 2024, up 14.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $287K | +19.6% |
2 Bedrooms | $165.2K | $249.6K | +51.1% |
3 Bedrooms | $298.7K | $295K | -1.3% |
4 Bedrooms | $379.9K | $330K | -13.1% |
5+ Bedrooms | $592K | $544K | -8.1% |
Summary: Rutherfordton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 51.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
Rutherfordton | $265K | $303K | +14.3% |
Rutherfordton Township | $234K | $253.8K | +8.5% |
Spindale | $165K | $166.5K | +0.9% |
Housing Supply in Rutherfordton, NC
How many homes are available in Rutherfordton, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 98 | +4.3% |
Summary: The Rutherfordton real estate market had 98 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 44 | 48 | +9.1% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Rutherfordton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Rutherfordton in May 2024, up by 50.0% month-over-month. Of the 22 sold homes, 59% were sold under asking, 27% were sold at asking, and 14% were sold over asking.
Days on Market for Rutherfordton, NC
How long does it take to sell a home in Rutherfordton, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 36 Days | -7.6% |
Summary: Homes in Rutherfordton had an average of 36 days on market in May 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Rutherfordton; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.