Is Carrboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$575,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Carrboro have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Carrboro was $575,000 in April 2024, up 10.6% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $261.6K | $302.4K | +15.6% |
| 3 Bedrooms | $510K | $538.7K | +5.6% |
| 4 Bedrooms | $699K | $700K | 0.1% |
| 5+ Bedrooms | $924.5K | $972.5K | +5.2% |
Summary: Carrboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Carrboro | $520K | $575K | +10.6% |
| Chapel Hill Township | $600K | $646.4K | +7.7% |
| Chapel Hill | $616.7K | $653.2K | +5.9% |
Housing Supply in Carrboro, NC
How many homes are available in Carrboro, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 56 | +24.4% |
Summary: The Carrboro real estate market had 56 homes for sale in April 2024, a 24.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 9 | +125.0% |
| 3 Bedrooms | 9 | 15 | +66.7% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Carrboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 125%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carrboro, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Carrboro in April 2024, down by 15.4% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 30 Days | -48.1% |
Summary: Homes in Carrboro had an average of 30 days on market in Apr 2024, down by 48.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carrboro are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Carrboro; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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