$5,284 Closing Credit*
$445,000
1,555 SqFt
3 Beds
•2 Full Baths, 1 Partial
Buffie Webber, Listing Office: Fathom Realty NC, LLC
Is Carrboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Carrboro has remained a Seller's Market.
Key Takeaway
Carrboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carrboro, NC
How much do homes in Carrboro, NC cost?
Median Sold Price
$574,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$4,000(+0.7%)
Key Takeaway
Homes in Carrboro have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Carrboro was $574,000 in September 2024, up 0.7% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $261.3K | $289.5K | +10.8% |
| 3 Bedrooms | $529K | $485K | -8.3% |
| 4 Bedrooms | $705K | $785K | +11.3% |
| 5+ Bedrooms | $894.5K | $1.0M | +13.5% |
Summary: Carrboro housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Chapel Hill Township | $629.7K | $649.9K | +3.2% |
| Chapel Hill | $641K | $659K | +2.8% |
| Carrboro | $570K | $574K | +0.7% |
Housing Supply in Carrboro, NC
How many homes are available in Carrboro, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 48 | 55 | +14.6% |
Summary: The Carrboro real estate market had 55 homes for sale in September 2024, a 14.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Carrboro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carrboro, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Carrboro in September 2024, the same as the previous month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Carrboro, NC
How long does it take to sell a home in Carrboro, NC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 63 Days | 27 Days | -57.1% |
Summary: Homes in Carrboro had an average of 27 days on market in Sep 2024, down by 57.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Carrboro are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 11 homes were sold in Carrboro; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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