$3,432 Closing Credit*
$289,000
1,314 SqFt
1 Bath
Listing Office: Meredith Christy Real Estate
Is Cabarrus County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$359,738
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,960(+6.5%)
Key Takeaway
Homes in Cabarrus County have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Cabarrus County was $359,738 in November 2024, up 6.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $168K | +8.4% |
| 2 Bedrooms | $218.6K | $225K | +2.9% |
| 3 Bedrooms | $317.1K | $334.4K | +5.5% |
| 4 Bedrooms | $427.1K | $459.3K | +7.5% |
| 5+ Bedrooms | $550K | $618.4K | +12.4% |
Summary: Cabarrus County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Counties
| Cabarrus County | $337.7K | $359.7K | +6.5% |
| Mecklenburg County | $423.4K | $445.4K | +5.2% |
| Iredell County | $374.6K | $391.7K | +4.6% |
| Stanly County | $293.7K | $304.5K | +3.7% |
| Rowan County | $269.9K | $279.1K | +3.4% |
Housing Supply in Cabarrus County, NC
How many homes are available in Cabarrus County, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,004 | 989 | -1.5% |
Summary: The Cabarrus County real estate market had 989 homes for sale in November 2024, a 1.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 120 | 107 | -10.8% |
| 3 Bedrooms | 523 | 527 | +0.8% |
| 4 Bedrooms | 237 | 231 | -2.5% |
| 5+ Bedrooms | 121 | 120 | -0.8% |
Summary: The Cabarrus County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 0.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 207 | 174 | -15.9% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
26 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. 58.6% of homes here sold below asking price last month.
Summary: A total of 174 homes were sold or pending in Cabarrus County in November 2024, down by 15.9% month-over-month. Of the 174 sold homes, 59% were sold under asking, 26% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 45 Days | +59.7% |
Summary: Homes in Cabarrus County had an average of 45 days on market in Nov 2024, up by 59.7% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
60 Homes Were Sold
In 30 - 90 Days
27 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 November 2024, 174 homes were sold in Cabarrus County; 48% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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