Is Cabarrus County, 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, Cabarrus County has remained a Seller's Market.
Housing Prices in Cabarrus County, NC
How much do homes in Cabarrus County, NC cost?
Median Sold Price
$345,130
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cabarrus County was $345,130 in April 2024, up 1.5% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101K | $164.5K | +62.9% |
2 Bedrooms | $205K | $222.3K | +8.5% |
3 Bedrooms | $315.6K | $325K | +3.0% |
4 Bedrooms | $436.1K | $440K | +0.9% |
5+ Bedrooms | $557K | $591.7K | +6.2% |
Summary: Cabarrus County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.9%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Counties
Stanly County | $275K | $299.9K | +9.1% |
Mecklenburg County | $415K | $430.9K | +3.8% |
Rowan County | $270K | $279.5K | +3.5% |
Cabarrus County | $339.9K | $345.1K | +1.5% |
Iredell County | $379.2K | $383.6K | +1.2% |
Housing Supply in Cabarrus County, NC
How many homes are available in Cabarrus County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
849 | 900 | +6.0% |
Summary: The Cabarrus County real estate market had 900 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 10 | +42.9% |
2 Bedrooms | 118 | 125 | +5.9% |
3 Bedrooms | 443 | 445 | 0.5% |
4 Bedrooms | 187 | 211 | +12.8% |
5+ Bedrooms | 94 | 109 | +16.0% |
Summary: The Cabarrus County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 16%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
230 | 221 | -3.9% |
Asking Price vs. Sold Price
110 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Summary: A total of 221 homes were sold or pending in Cabarrus County in April 2024, down by 3.9% month-over-month. Of the 221 sold homes, 50% were sold under asking, 24% were sold at asking, and 26% were sold over asking.
Days on Market for Cabarrus County, NC
How long does it take to sell a home in Cabarrus County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 31 Days | -23.3% |
Summary: Homes in Cabarrus County had an average of 31 days on market in Apr 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
153 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During April 2024, 221 homes were sold in Cabarrus County; 69% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.