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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carthage is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Carthage has remained a Seller's Market.

Key Takeaway

Carthage is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Carthage, NC

How much do homes in Carthage, NC cost?

Median Sold Price

$399,966

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$31,966(+8.7%)

Key Takeaway

Homes in Carthage have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Carthage was $399,966 in April 2024, up 8.7% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $285K$190K
-33.3%
2 $265K$202.2K
-23.7%
3 $270K$315K
+16.6%
4 $412K$459.9K
+11.6%
5+ $442K$514.9K
+16.5%

Summary: Carthage housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 23.7%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 16.5%.

Median Sold Price Compared To Nearby Cities

West End
+15.9%
Southern Pines
+13.6%
Carthage
+8.7%
Cameron
+4.5%

Housing Supply in Carthage, NC

How many homes are available in Carthage, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
122112-8.2%

Summary: The Carthage real estate market had 112 homes for sale in April 2024, a 8.2% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 2021
+5.0%
3 4242
0.0%
4 4234
-19.0%
5+ 1815
-16.7%

Summary: The Carthage 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 5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2627+3.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carthage, expect to pay close to the asking price. 48.1% of homes here sold near the asking price last month.

Summary: A total of 27 homes were sold or pending in Carthage in April 2024, up by 3.8% month-over-month. Of the 27 sold homes, 37% were sold under asking, 48% 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

Apr 2023Apr 2024CHANGE
72 Days104 Days+43.3%

Summary: Homes in Carthage had an average of 104 days on market in Apr 2024, up by 43.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 27 homes were sold in Carthage; 48% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 48% 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 9 Days Ago

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