Is Red Springs, NC 28377 a buyer’s or seller’s market?
Red Springs is a seller’s market. With about 2.6 months of supply and 13% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 47% of U.S. ZIP codes, and #84 of 424 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Red Springs housing market right now
In the three months ending August 31, 2026, 13% of homes in Red Springs, NC 28377 sold above their list price, the typical home went under contract in 80 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (88 days then) and the median sale price rose 12% to $234,399. Overall, Red Springs is less competitive than a year ago, which gives buyers more room.
On our competition score, Red Springs ranks #84 of 424 NC ZIP codes with enough sales (score 46 out of 100).
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Questions about Red Springs real estate
Is Red Springs a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Red Springs, NC 28377 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Red Springs?
The typical home went under contract in 80 days in the latest three months.
Do homes in Red Springs sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 101.5% of the list price.
What are property taxes in Red Springs?
About 0.67% of a home’s value a year in Hoke County, or roughly $2,680 on a $400,000 home.
What is the median home price in Red Springs?
The median sale price was $234,399 in the three months ending August 31, 2026, about $102 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology