$575,000
75.87 Acres
Land
Edwin Orr, Listing Office: TMM Real Estate, LLC
Is Carthage, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Carthage was a Seller's Market.
Key Takeaway
Carthage is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Carthage, NC
How much do homes in Carthage, NC cost?
Median Sold Price
$435,290
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$64,850(+17.5%)
Key Takeaway
Homes in Carthage have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Carthage was $435,290 in October 2024, up 17.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $190K | -33.3% |
| 2 Bedrooms | $250K | $203K | -18.8% |
| 3 Bedrooms | $256.7K | $381K | +48.4% |
| 4 Bedrooms | $423.8K | $455.2K | +7.4% |
| 5+ Bedrooms | $494.9K | $503.7K | +1.8% |
Summary: Carthage housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Carthage | $370.4K | $435.2K | +17.5% |
| Southern Pines | $501.5K | $545K | +8.7% |
| West End | $439.5K | $470K | +6.9% |
| Cameron | $326.4K | $332.5K | +1.9% |
Housing Supply in Carthage, NC
How many homes are available in Carthage, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 90 | +2.3% |
Summary: The Carthage real estate market had 90 homes for sale in October 2024, a 2.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 33 | 34 | +3.0% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Carthage housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carthage, expect to pay close to the asking price. 77.8% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Carthage in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 22% were sold under asking, 78% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 77 Days | 87 Days | +12.8% |
Summary: Homes in Carthage had an average of 87 days on market in Oct 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carthage are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Carthage; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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