Is Cabarrus County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cabarrus County has remained a Seller's Market.
Housing Prices in Cabarrus County, NC
How much do homes in Cabarrus County, NC cost?
Median Sold Price
$341,794
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cabarrus County was $341,794 in March 2024, up 0.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $157.5K | +50.0% |
2 Bedrooms | $205K | $220K | +7.3% |
3 Bedrooms | $318K | $324.3K | +2.0% |
4 Bedrooms | $437.5K | $439.5K | 0.5% |
5+ Bedrooms | $553.2K | $579.7K | +4.8% |
Summary: Cabarrus County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Counties
Stanly County | $273.1K | $299.9K | +9.8% |
Mecklenburg County | $414.9K | $429.5K | +3.5% |
Rowan County | $268.7K | $277.6K | +3.3% |
Iredell County | $378.3K | $383K | +1.2% |
Cabarrus County | $340.8K | $341.7K | 0.3% |
Housing Supply in Cabarrus County, NC
How many homes are available in Cabarrus County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
760 | 852 | +12.1% |
Summary: The Cabarrus County real estate market had 852 homes for sale in March 2024, a 12.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 110 | 120 | +9.1% |
3 Bedrooms | 407 | 440 | +8.1% |
4 Bedrooms | 161 | 190 | +18.0% |
5+ Bedrooms | 77 | 94 | +22.1% |
Summary: The Cabarrus County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 22.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
154 | 215 | +39.6% |
Asking Price vs. Sold Price
111 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 215 homes were sold or pending in Cabarrus County in March 2024, up by 39.6% month-over-month. Of the 215 sold homes, 52% were sold under asking, 26% were sold at asking, and 23% were sold over asking.
Days on Market for Cabarrus County, NC
How long does it take to sell a home in Cabarrus County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 41 Days | -10.8% |
Summary: Homes in Cabarrus County had an average of 41 days on market in Mar 2024, down by 10.8% compared to last year.
Breakdown of Home Sale Times
141 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During March 2024, 215 homes were sold in Cabarrus County; 66% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.