Is Tarboro, 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, Tarboro has remained a Seller's Market.
Key Takeaway
Tarboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tarboro, NC
How much do homes in Tarboro, NC cost?
Median Sold Price
$195,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tarboro have sold for 8.2% less than they did a year ago.
Summary: The median home sold price in Tarboro was $195,000 in May 2024, down 8.2% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71K | $55K | -22.5% |
| 2 Bedrooms | $105K | $85.6K | -18.5% |
| 3 Bedrooms | $177K | $180.9K | +2.2% |
| 4 Bedrooms | $250K | $275.9K | +10.4% |
| 5+ Bedrooms | $295.2K | $332.6K | +12.7% |
Summary: Tarboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.5%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 12.7%.
Housing Supply in Tarboro, NC
How many homes are available in Tarboro, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 71 | +14.5% |
Summary: The Tarboro real estate market had 71 homes for sale in May 2024, a 14.5% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 41 | 45 | +9.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Tarboro 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 75%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tarboro, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Tarboro in May 2024, up by 55.6% month-over-month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 68 Days | -8.8% |
Summary: Homes in Tarboro had an average of 68 days on market in May 2024, down by 8.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 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 May 2024, 14 homes were sold in Tarboro; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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