Red Springs, NC—28377

As of Aug '25, the median home price in Red Springs, NC is $91,000, with a year-over-year change of -10.6%. This indicates that home prices in Red Springs, NC are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Red Springs, NC is 99. This is an increase of 53.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Red Springs, NC in that year was 73. 64.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 76.0%. Of those, 45.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Red Springs, NC. Investor activity in Red Springs, NC is low, as 5.0% of all loans are originated by investors. In 2023, 10.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.