Is Raeford 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, Raeford Township has remained a Seller's Market.
Key Takeaway
Raeford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raeford Township, NC
How much do homes in Raeford Township, NC cost?
Median Sold Price
$280,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Raeford Township have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Raeford Township was $280,000 in May 2024, up 2.1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $22K | -75.6% |
| 2 Bedrooms | $148K | $142.2K | -3.9% |
| 3 Bedrooms | $244.9K | $259.8K | +6.1% |
| 4 Bedrooms | $325K | $330.3K | +1.6% |
| 5+ Bedrooms | $376K | $390K | +3.7% |
Summary: Raeford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Raeford | $273.6K | $280K | +2.3% |
| Raeford Township | $274.3K | $280K | +2.1% |
| Quewhiffle Township | $323.2K | $326.2K | +0.9% |
Housing Supply in Raeford Township, NC
How many homes are available in Raeford Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 262 | 272 | +3.8% |
Summary: The Raeford Township real estate market had 272 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 152 | 159 | +4.6% |
| 4 Bedrooms | 85 | 90 | +5.9% |
| 5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Raeford 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 33.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 88 | +37.5% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raeford Township, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Raeford Township in May 2024, up by 37.5% month-over-month. Of the 88 sold homes, 41% were sold under asking, 39% were sold at asking, and 20% were sold over asking.
Days on Market for Raeford Township, NC
How long does it take to sell a home in Raeford Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 34 Days | -51.8% |
Summary: Homes in Raeford Township had an average of 34 days on market in May 2024, down by 51.8% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Raeford Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 88 homes were sold in Raeford Township; 82% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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