Is Old Richmond Township, 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, Old Richmond Township has remained a Seller's Market.
Housing Prices in Old Richmond Township, NC
How much do homes in Old Richmond Township, NC cost?
Median Sold Price
$269,990
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Old Richmond Township was $269,990 in May 2024, up 6.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.5K | - | N/A |
2 Bedrooms | $180K | $137.5K | -23.6% |
3 Bedrooms | $255K | $270K | +5.9% |
4 Bedrooms | $333.4K | $319.9K | -4.1% |
5+ Bedrooms | - | - | N/A |
Summary: Old Richmond Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Tobaccoville | $252K | $288.4K | +14.5% |
Old Richmond Township | $253.5K | $269.9K | +6.5% |
Pfafftown | $335K | $340K | +1.5% |
Bethania Township | $256.9K | $260K | +1.2% |
King | $285K | $275.5K | -3.3% |
Housing Supply in Old Richmond Township, NC
How many homes are available in Old Richmond Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Summary: The Old Richmond Township real estate market had 20 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Old Richmond Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Old Richmond Township in May 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Old Richmond Township, NC
How long does it take to sell a home in Old Richmond Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
122 Days | 36 Days | -70.6% |
Summary: Homes in Old Richmond Township had an average of 36 days on market in May 2024, down by 70.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Old Richmond Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.