Is Carthage, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carthage is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Carthage has remained a Seller's Market.

Key Takeaway

Carthage is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Carthage, NC

How much do homes in Carthage, NC cost?

Median Sold Price

$400,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,876(+5.0%)

Key Takeaway

Homes in Carthage have sold for 5% more than they did a year ago.

Summary: The median home sold price in Carthage was $400,000 in May 2024, up 5% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $285K$190K
-33.3%
2 $265K$201.5K
-24.0%
3 $274.3K$344K
+25.4%
4 $423K$454.9K
+7.5%
5+ $494.9K$514.9K
+4.0%

Summary: Carthage housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 24%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Cities

West End
+14.9%
Southern Pines
+10.5%
Carthage
+5.0%
Cameron
+4.8%

Housing Supply in Carthage, NC

How many homes are available in Carthage, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
112108-3.6%

Summary: The Carthage real estate market had 108 homes for sale in May 2024, a 3.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2221
-4.5%
3 3536
+2.9%
4 4041
+2.5%
5+ 1510
-33.3%

Summary: The Carthage housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
26260.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carthage, expect to pay close to the asking price. 42.3% of homes here sold near the asking price last month.

Summary: A total of 26 homes were sold or pending in Carthage in May 2024, the same as the previous month. Of the 26 sold homes, 31% were sold under asking, 42% were sold at asking, and 27% were sold over asking.

Days on Market for Carthage, NC

How long does it take to sell a home in Carthage, NC?

Average Sale Time

May 2023May 2024CHANGE
68 Days75 Days+10.1%

Summary: Homes in Carthage had an average of 75 days on market in May 2024, up by 10.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Carthage are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 26 homes were sold in Carthage; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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