Is Rutherfordton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutherfordton is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$38,000(+14.3%)

Key Takeaway

Homes in Rutherfordton have sold for 14.3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $240K$287K
+19.6%
2 $165.2K$249.6K
+51.1%
3 $298.7K$295K
-1.3%
4 $379.9K$330K
-13.1%
5+ $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
+14.3%
Rutherfordton Township
+8.5%
Spindale
+0.9%

Housing Supply in Rutherfordton, NC

How many homes are available in Rutherfordton, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9498+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

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 2424
0.0%
3 4448
+9.1%
4 1817
-5.6%
5+ 68
+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 2024May 2024CHANGE
1624+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutherfordton, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.

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 2023May 2024CHANGE
39 Days36 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 2 Days Ago

Newest Listings in Rutherfordton, NC

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