Homes for Sale in Randolph County NC | Market Report for August 2013

Homes for Sale in Randolph County NC | Market Report for August 2013

The real estate market is changing for the better, even here in Randolph County, but we’re still affected by the recent market crash. In Randolph County alone, we experienced almost a 20% drop in home prices from the last quarter of 2008. At that time, the average sales price of a home in Randolph County was $140,400. So far this year, the average sales price of single-family homes is $122,130.

The good news is that the sales prices have started to level out, even creep up a bit. Inventory is down, so I expect to see homes selling just a little quicker. The average time for a home to be on the market for Randolph County in 2008 was 60-90 days. Now, the average is about 110 days for all price ranges. If a property is overpriced, or if it is a unique property, it might be on the market closer to a year.

Asheboro NC Home for Sale

Snapshot of Randolph County’s Real Estate Market:

Current Active Listings:  614

2011   Homes Sold:                           713

Avg Sales Price             $115,896

Avg Days on Market             138

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2012   Homes Sold:                          841

Avg Sales Price             $116,790

Avg Days on Market             122

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Year-to-date

Homes Sold:                             665   (530 last year this time)

Avg Sales Price             $122,936

Avg Days on Market             110

This information is taken from the Triad MLS, researching Randolph County, single-family residences.

Authored by Waynette Hoover Araj

Waynette Hoover Araj Realtor®, SFR, CDPE

RE/MAX Central Realty
Call me today at 336-953-6526 to get your house sold. 

 

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