The Long & Foster Market Minute

Focus On: Randolph County Housing Market March 2021

Units Sold
134
Active Inventory
79
Median Sale Price
$198,950
Days On Market
29
Up 9%
Vs. Year Ago
Down -66%
Vs. Year Ago
Up 17%
Vs. Year Ago
Down -46%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 134 sold this month in Randolph County Real Estate versus 106 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 9% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 150 units or 66%. The total number of active inventory this March was 79 compared to 229 in March 2020. This month's total of 79 is higher than the previous month's total supply of available inventory of 71, an increase of 11%.

Median Sale Price
Last March, the median sale price for Randolph County Homes was $170,000. This March, the median sale price was $198,950, an increase of 17% or $28,950 compared to last year. The current median sold price is 10% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
176
Current Contracts
132
Sold Vs. List Price
99.6%
Months of Supply
0.6
Up 23%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -68%
Vs. Year Ago

Months of Supply
In March, there was 0.6 months of supply available in Randolph County, compared to 1.9 in March 2020. That is a decrease of 68% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 176 homes newly listed for sale in Randolph County compared to 143 in March 2020, an increase of 23%. There were 132 current contracts pending sale this March compared to 130 a year ago. The number of current contracts is 2% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Randolph County was 99.6% of the average list price, which is 1.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 29, lower than the average last year, which was 54, a decrease of 46%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by TRIAD and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIAD or Long & Foster Real Estate, Inc.