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Featured local agent — Red Springs, NC
Sarah Mitchell
Compass Real Estate · Red Springs, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Red Springs, NC Housing Market
The typical home in Red Springs, NC is worth $108,389, fell 0.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $110,000, -40.2% year over year (through May 2026). With 11.0 months of supply and homes going under contract in about 56 days, Red Springs is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $108,389 home is about $579/mo in principal and interest.
Key numbers for Red Springs, NC
Typical home value
$108,389
-0.7% in 12 months
Zillow, August 2026
Median sale price
$110,000
-40.2% year over year
Redfin, through May 2026
Days on market
56
Average pace
Redfin, through May 2026
Active listings
11
11.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$19,752
Home costs 5.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
91.7%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Red Springs a buyer's or seller's market?
Red Springs, NC is a buyer's market, based on 11.0 months of supply and homes selling in about 56 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Red Springs housing market data show?
Every row below is Redfin's final published month for Red Springs, NC. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $110,000 |
| Median list price | $113,950 |
| Year-over-year price change | -40.2% |
| Median price per sq ft | $100/sq ft |
| Median days on market | 56 days |
| Active inventory | 11 listings |
| Months of supply | 11.0 months |
| Sale-to-list price ratio | 91.7% |
| Homes sold (that month) | 1 |
| New listings (that month) | 4 |
| Listings with a price cut | 27.3% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Red Springs is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Red Springs is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Red Springs home prices moved?
Over the last three years the median sale price in Red Springs, NC fell 45.7%, from $202,500 to $110,000. The live Zillow value series has fell 0.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. 27.3% of Red Springs listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 11.0 months while the sale-to-list ratio slips below its current 91.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Red Springs?
Priced off the typical home value of $108,389 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $21,678 | $86,711 | $579/mo |
| 5% | $5,419 | $102,970 | $687/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $579, that implies roughly $24,799 a year before you add taxes and insurance. The median household in Red Springs earns $19,752, about $5,047 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Red Springs in the next 12 months?
Tell us your timeline. We send the Red Springs market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Red Springs?
Zillow does not publish a rent index (ZORI) for Red Springs, NC, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Red Springs?
Active listings in Red Springs, NC went from 8 in March 2025 to 11 in May 2026, a +37.5% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| April 2025 | 10 | 7 |
| May 2025 | 11 | 2 |
| June 2025 | 10 | 3 |
| July 2025 | 11 | 4 |
| August 2025 | 10 | not published |
| September 2025 | 14 | 5 |
| October 2025 | 15 | 2 |
| December 2025 | 17 | 2 |
| February 2026 | 12 | not published |
| March 2026 | 15 | 7 |
| April 2026 | 14 | 2 |
| May 2026 | 11 | 4 |
Redfin, through May 2026
How does Red Springs compare to North Carolina and the U.S.?
Red Springs homes sell for $110,000 — 72% below the North Carolina median of $397,600. Against the national median of $410,700, Red Springs runs 73% lower. Year-over-year, Red Springs moved -40.2% against North Carolina's +2.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Red Springs, NC | $110,000 | -40.2% | 56 days |
| North Carolina statewide | $397,600 | +2.1% | 52 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Red Springs
What buyers should watch
- Months of supply, currently 11.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 27.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $108 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $108,389 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Red Springs listing goes under contract in 56 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 91.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Red Springs added 4 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Red Springs varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Red Springs
There are currently 11 homes listed for sale in Red Springs, North Carolina. The median listing price is $114K.
Active listings
11
Homes on market
Median list price
$114K
Avg. days on market
56
Days until sale
New this week
4
Newly listed
How much do homes cost in Red Springs by property type?
How the Red Springs, NC market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $110,000 | $100/sq ft | 1 | 56 days |
Who lives in Red Springs?
American Community Survey estimates for Red Springs. U.S. Census ACS, 2023
Population
3,107
Households
1,198
Median income
$19,752/yr
Median age
32.9 years
Owner-occupied
54.6%
Median home value
$85,400
Median gross rent
$635/mo
Mean commute
23.8 min
54.6% of occupied homes in Red Springs are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $85,400 against Zillow's $108,389 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Red Springs?
4 schools tracked · 2,309 students
The largest public schools serving Red Springs, NC by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Red Springs High
Grades 9-12 · 854 students
Red Springs Middle
Grades 5-8 · 580 students
Peterson Elementary
Grades PK-4 · 539 students
Hawk Eye Elementary
Grades PK-5 · 336 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Red Springs, NC?
Ordered by distance from Red Springs, not by size. Compare Red Springs side by side with any of them.
Red Springs housing market FAQ
Is Red Springs a buyer's or seller's market?
Red Springs, NC is currently a buyer's market. That read comes from 11.0 months of supply, homes going under contract in about 56 days, and sellers getting 91.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Red Springs?
The typical home in Red Springs, NC is worth $108,389 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $110,000, about $100 per square foot.
Is Red Springs cheaper than the rest of North Carolina?
Red Springs's median sale price of $110,000 is 72% lower than the North Carolina statewide median of $397,600, and 73% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Red Springs?
Homes in Red Springs, NC spent a median of 56 days on market before going under contract, versus 52 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Red Springs?
At the current 30-year fixed rate of 7.03%, 20% down on a $108,389 home is about $579 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $24,799 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $19,752.
Are home prices rising in Red Springs?
The typical home value in Red Springs, NC fell 0.7% over the last 12 months, from $109,200 to $108,389 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Red Springs?
Red Springs ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Red Springs?
That depends on your timeline, not on a headline. What the data says today: Red Springs, NC is a buyer's market with 11.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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