Is Tarboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tarboro was a Seller's Market.
Key Takeaway
Tarboro is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Tarboro, NC
How much do homes in Tarboro, NC cost?
Median Sold Price
$199,900
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tarboro have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Tarboro was $199,900 in April 2024, down 5.6% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $63K | N/A |
| 2 Bedrooms | $105K | $86.9K | -17.2% |
| 3 Bedrooms | $181K | $186.4K | +3.0% |
| 4 Bedrooms | $250.2K | $260.9K | +4.3% |
| 5+ Bedrooms | $295.2K | $345.2K | +16.9% |
Summary: Tarboro 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 decreased by 17.2%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.3%, 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 58 | +5.5% |
Summary: The Tarboro real estate market had 58 homes for sale in April 2024, a 5.5% 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 | 4 | 0.0% |
| 3 Bedrooms | 36 | 39 | +8.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Tarboro 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tarboro, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Tarboro in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 73 Days | +28.9% |
Summary: Homes in Tarboro had an average of 73 days on market in Apr 2024, up by 28.9% 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
Key Takeaway
Many homes in Tarboro are selling fast, if you're buying plan to act quickly.
Summary: During April 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.
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