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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carrboro is a seller's market

Buyer's
Market

Difference Since June 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

$590,000

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$63,500(+12.1%)

Key Takeaway

Homes in Carrboro have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Carrboro was $590,000 in June 2024, up 12.1% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $261.3K$294K
+12.5%
3 $519.5K$493K
-5.1%
4 $699.5K$722K
+3.2%
5+ $914.5K$1.0M
+9.3%

Summary: Carrboro housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Carrboro
+12.1%
Chapel Hill Township
+4.0%
Chapel Hill
+3.3%

Housing Supply in Carrboro, NC

How many homes are available in Carrboro, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
7259-18.1%

Summary: The Carrboro real estate market had 59 homes for sale in June 2024, a 18.1% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 129
-25.0%
3 1415
+7.1%
4 3125
-19.4%
5+ 1510
-33.3%

Summary: The Carrboro housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2917-41.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carrboro, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Carrboro in June 2024, down by 41.4% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% 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

Jun 2023Jun 2024CHANGE
30 Days25 Days-14.5%

Summary: Homes in Carrboro had an average of 25 days on market in Jun 2024, down by 14.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 17 homes were sold in Carrboro; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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 24 Days Ago

Newest Listings in Carrboro, NC

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