Is Carthage, 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, Carthage has remained a Seller's Market.
Housing Prices in Carthage, NC
How much do homes in Carthage, NC cost?
Median Sold Price
$400,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Carthage was $400,000 in May 2024, up 5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $190K | -33.3% |
2 Bedrooms | $265K | $201.5K | -24.0% |
3 Bedrooms | $274.3K | $344K | +25.4% |
4 Bedrooms | $423K | $454.9K | +7.5% |
5+ Bedrooms | $494.9K | $514.9K | +4.0% |
Summary: Carthage housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 24%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
West End | $413.4K | $475K | +14.9% |
Southern Pines | $475K | $525K | +10.5% |
Carthage | $381.1K | $400K | +5.0% |
Cameron | $313.9K | $329.1K | +4.8% |
Housing Supply in Carthage, NC
How many homes are available in Carthage, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
112 | 108 | -3.6% |
Summary: The Carthage real estate market had 108 homes for sale in May 2024, a 3.6% decrease 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 | 22 | 21 | -4.5% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 40 | 41 | +2.5% |
5+ Bedrooms | 15 | 10 | -33.3% |
Summary: The Carthage 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 decreased by 4.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 26 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Carthage in May 2024, the same as the previous month. Of the 26 sold homes, 31% were sold under asking, 42% were sold at asking, and 27% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
68 Days | 75 Days | +10.1% |
Summary: Homes in Carthage had an average of 75 days on market in May 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Carthage; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.