Is Tarboro, 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, Tarboro was a Seller's Market.
Housing Prices in Tarboro, NC
How much do homes in Tarboro, NC cost?
Median Sold Price
$196,500
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tarboro was $196,500 in March 2024, down 6.4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $63K | N/A |
2 Bedrooms | $105K | $86.9K | -17.2% |
3 Bedrooms | $189.9K | $177K | -6.8% |
4 Bedrooms | $250.2K | $260K | +3.9% |
5+ Bedrooms | $295.2K | $345.2K | +16.9% |
Summary: Tarboro 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 decreased by 17.2%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 16.9%.
Housing Supply in Tarboro, NC
How many homes are available in Tarboro, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 61 | +3.4% |
Summary: The Tarboro real estate market had 61 homes for sale in March 2024, a 3.4% increase 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 | 4 | 4 | 0.0% |
3 Bedrooms | 39 | 41 | +5.1% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Tarboro 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 5.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Tarboro in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Tarboro, NC
How long does it take to sell a home in Tarboro, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
138 Days | 53 Days | -61.2% |
Summary: Homes in Tarboro had an average of 53 days on market in Mar 2024, down by 61.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Tarboro; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.