Is Tabor City, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Tabor City was a Seller's Market.
Key Takeaway
Tabor City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tabor City, NC
How much do homes in Tabor City, NC cost?
Median Sold Price
$203,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tabor City have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Tabor City was $203,000 in March 2024, up 6.6% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $107.5K | $137K | +27.4% |
| 3 Bedrooms | $180K | $201.6K | +12.0% |
| 4 Bedrooms | $245K | $230K | -6.1% |
| 5+ Bedrooms | - | $197.5K | N/A |
Summary: Tabor City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes did not change.
Housing Supply in Tabor City, NC
How many homes are available in Tabor City, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Tabor City real estate market had 16 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tabor City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tabor City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Tabor City in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Tabor City, NC
How long does it take to sell a home in Tabor City, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 116 Days | +176.2% |
Summary: Homes in Tabor City had an average of 116 days on market in Mar 2024, up by 176.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tabor City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Tabor City; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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