Listing Office: Weichert, Realtors - Team Metro
Lake Rhodhiss Area Housing Market Report February 2025•Burke County, North Carolina
Housing Prices in Lake Rhodhiss Area, NC
How much do homes in Lake Rhodhiss Area, NC cost?
Housing Market Conditions
Is Lake Rhodhiss Area, NC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lake Rhodhiss Area is a Seller's Market
Difference Since February 2024
Since last year, Lake Rhodhiss Area has remained a Seller's Market.
Lake Rhodhiss Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Lake Rhodhiss Area have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Lake Rhodhiss Area was $290,000 in February 2025, up 0.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedrooms
Beds | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | $192.3K | $193.5K | +0.6% |
33 Bedrooms | $285K | $292.5K | +2.6% |
44 Bedrooms | $355.2K | $781.5K | +120.0% |
55+ Bedrooms | - | $445K | N/A |
Summary: Lake Rhodhiss Area housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +0.6%. The home price for 3 bedroom homes increased by +2.6%. The home price for 4 bedroom homes increased by +120.0%. The home price for 5 bedroom homes did not change.
Housing supply in Lake Rhodhiss Area, NC
How many homes are available in Lake Rhodhiss Area, NC?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
20Last MonthFeb 2025 | ||
172 months agoJan 2025 | +17.6 % Change MoMJan – Feb |
Summary: The Lake Rhodhiss Area real estate market had 20 homes for sale in Feb 2025, a 17.6 % increase compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
5Last MonthFeb 2025 | ||
42 months agoJan 2025 | +25.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 1 | 1 | 0.0% |
33 Bedrooms | 10 | 14 | +40.0% |
44 Bedrooms | 6 | 5 | -16.7% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Lake Rhodhiss Area housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +40.0%. The inventory for 4 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Lake Rhodhiss Area, NC cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price3 Homes
If you're buying a home in Lake Rhodhiss Area, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lake Rhodhiss Area in February 2025, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and and 0% were sold over asking.
Days on Market for Lake Rhodhiss Area, NC
How long does it take to sell a home in Lake Rhodhiss Area, NC?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days2 Homes
Over 90 Days1 Home
Many homes in Lake Rhodhiss Area are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 5 homes were sold in Lake Rhodhiss Area; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
67 DaysThis YearFeb 2025 | ||
133 Days1 year agoFeb 2024 | -49.8 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Lake Rhodhiss Area had an average listing age of 67 days in Feb 2025, down by 49.8% compared to the previous year.
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Newest Listings in Lake Rhodhiss Area, NC
What homes are available in Lake Rhodhiss Area, NC?
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MLS Disclaimers and Copyright
Based on information from Canopy MLS, and Doorify MLS for the period 03/01/2023 - 03/01/2025

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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Copyright © 2025 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 7:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 7:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.