Is Carrboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$602,500
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carrboro have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Carrboro was $602,500 in May 2024, up 15.9% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $263.3K | $310K | +17.7% |
| 3 Bedrooms | $507.5K | $522.2K | +2.9% |
| 4 Bedrooms | $674.9K | $725K | +7.4% |
| 5+ Bedrooms | $930K | $1.0M | +7.5% |
Summary: Carrboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Carrboro | $520K | $602.5K | +15.9% |
| Chapel Hill Township | $607.5K | $641.5K | +5.6% |
| Chapel Hill | $625.1K | $650.1K | +4.0% |
Housing Supply in Carrboro, NC
How many homes are available in Carrboro, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 70 | +12.9% |
Summary: The Carrboro real estate market had 70 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 25 | 29 | +16.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Carrboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 29 | +141.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carrboro, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Carrboro in May 2024, up by 141.7% month-over-month. Of the 29 sold homes, 28% were sold under asking, 24% were sold at asking, and 48% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 3 Days | -93.0% |
Summary: Homes in Carrboro had an average of 3 days on market in May 2024, down by 93% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 May 2024, 29 homes were sold in Carrboro; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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