$1,532 Closing Credit*
$129,000
1,283 SqFt
2 Beds
•2 Full Baths
#100474893, Listing Office: United Real Estate East Carolina
Is Tarboro, 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, 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
$199,900
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$32,595(-14.0%)
Key Takeaway
Homes in Tarboro have sold for 14% less than they did a year ago.
Summary: The median home sold price in Tarboro was $199,900 in October 2024, down 14% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | - | N/A |
| 2 Bedrooms | $128K | $74.9K | -41.5% |
| 3 Bedrooms | $177.5K | $199.9K | +12.6% |
| 4 Bedrooms | $260.9K | $247K | -5.4% |
| 5+ Bedrooms | $345.2K | $295K | -14.6% |
Summary: Tarboro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.5%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 14.6%.
Housing Supply in Tarboro, NC
How many homes are available in Tarboro, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 51 | -7.3% |
Summary: The Tarboro real estate market had 51 homes for sale in October 2024, a 7.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Tarboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tarboro, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Tarboro in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 73 Days | +77.5% |
Summary: Homes in Tarboro had an average of 73 days on market in Oct 2024, up by 77.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 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 October 2024, 10 homes were sold in Tarboro; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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