$3,266 Closing Credit*
$275,000
1,291 SqFt
2 Beds
•1 Full Bath
Listing Office: Call It Closed International Inc
Is Cabarrus County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cabarrus County has remained a Seller's Market.
Key Takeaway
Cabarrus County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cabarrus County, NC
How much do homes in Cabarrus County, NC cost?
Median Sold Price
$356,300
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,726(+5.5%)
Key Takeaway
Homes in Cabarrus County have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Cabarrus County was $356,300 in October 2024, up 5.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.5K | $168K | +10.2% |
| 2 Bedrooms | $215.2K | $225K | +4.5% |
| 3 Bedrooms | $315.8K | $334.8K | +6.0% |
| 4 Bedrooms | $431.1K | $455.4K | +5.6% |
| 5+ Bedrooms | $540K | $620K | +14.8% |
Summary: Cabarrus County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Counties
| Cabarrus County | $337.5K | $356.3K | +5.5% |
| Mecklenburg County | $420.5K | $443.6K | +5.5% |
| Iredell County | $376.2K | $388.9K | +3.4% |
| Rowan County | $270.9K | $279.7K | +3.2% |
| Stanly County | $294.9K | $302.8K | +2.7% |
Housing Supply in Cabarrus County, NC
How many homes are available in Cabarrus County, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,009 | 1,034 | +2.5% |
Summary: The Cabarrus County real estate market had 1,034 homes for sale in October 2024, a 2.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 124 | 125 | +0.8% |
| 3 Bedrooms | 523 | 526 | +0.6% |
| 4 Bedrooms | 239 | 252 | +5.4% |
| 5+ Bedrooms | 122 | 128 | +4.9% |
Summary: The Cabarrus County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 208 | 185 | -11.1% |
Asking Price vs. Sold Price
112 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cabarrus County, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.
Summary: A total of 185 homes were sold or pending in Cabarrus County in October 2024, down by 11.1% month-over-month. Of the 185 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 40 Days | +47.6% |
Summary: Homes in Cabarrus County had an average of 40 days on market in Oct 2024, up by 47.6% compared to last year.
Breakdown of Home Sale Times
110 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cabarrus County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 185 homes were sold in Cabarrus County; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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