Is Cabarrus County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cabarrus County is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Cabarrus County, NC cost?

Median Sold Price

$336,303

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$46,189(+15.9%)

Key Takeaway

Homes in Cabarrus County have sold for 15.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $104.6K$113K
+8.0%
2 $167.6K$200K
+19.3%
3 $261.6K$316K
+20.8%
4 $365K$440K
+20.5%
5+ $445K$542K
+21.8%

Median Sold Price Compared To Nearby Counties

Stanly County
+20.5%
Rowan County
+17.4%
Mecklenburg County
+16.3%
Cabarrus County
+15.9%
Iredell County
+12.9%

How many homes are available in Cabarrus County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
880860-2.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 34
+33.3%
2 121107
-11.6%
3 446448
0.4%
4 224218
-2.7%
5+ 8683
-3.5%

Number of Homes Sold

Oct 2022Nov 2022%
195166-14.9%

Asking Price vs. Sold Price

97 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cabarrus County, you may be able to get a good deal. 58.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
14 Days36 Days+153.0%

Breakdown of Home Sale Times

98 Homes Were Sold
Under 30 Days

44 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Cabarrus County, NC

Homes for sale in Cabarrus County, NC have reached 860. In November 2022 in Cabarrus County, NC there were 2.3% less homes for sale than in October 2022. Listings spent 36 days on the market in November 2022, and had a median list price of $336,303 during the same period. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 8%, 2 bedrooms properties prices increased by 19.3%, 3 bedrooms properties prices increased by 20.8%, prices of 4 bedrooms properties went up by 20.5%, 5 bedrooms properties became 21.8% more expensive. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 33.3%, volume of 2 bedrooms homes went down by 11.6%, 3 bedrooms homes inventory increased by 0.4%, the quantity of 4 bedrooms homes went down by 2.7%, 5 bedrooms homes inventory decreased by 3.5%. Cabarrus County, NC housing market in November 2022 saw over 39 listings sold above listed price, more than 30 sold at listed price and over 97 sold below.

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