Is Carthage, 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, Carthage has remained a Seller's Market.
Housing Prices in Carthage, NC
How much do homes in Carthage, NC cost?
Median Sold Price
$395,450
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Carthage was $395,450 in March 2024, up 8.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $190K | -33.3% |
2 Bedrooms | $257.5K | $203K | -21.2% |
3 Bedrooms | $270K | $299.9K | +11.1% |
4 Bedrooms | $409.8K | $455.2K | +11.1% |
5+ Bedrooms | $442K | $514.9K | +16.5% |
Summary: Carthage housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 21.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
West End | $401.2K | $475K | +18.4% |
Southern Pines | $463.9K | $516.9K | +11.4% |
Carthage | $364K | $395.4K | +8.6% |
Cameron | $310K | $325.6K | +5.0% |
Housing Supply in Carthage, NC
How many homes are available in Carthage, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
123 | 120 | -2.4% |
Summary: The Carthage real estate market had 120 homes for sale in March 2024, a 2.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 40 | 43 | +7.5% |
4 Bedrooms | 46 | 40 | -13.0% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Carthage housing inventory by bedroom type for March 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 7.5%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 27 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Carthage in March 2024, up by 50.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 52% were sold at asking, and 15% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
97 Days | 158 Days | +62.6% |
Summary: Homes in Carthage had an average of 158 days on market in Mar 2024, up by 62.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in Carthage; 22% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.