$10,000
1.00 Acres
Land
#100479630, Listing Office: CCA Real Estate
Is Tarboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Tarboro was a Buyer'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
$200,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,000(-9.1%)
Key Takeaway
Homes in Tarboro have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in Tarboro was $200,000 in November 2024, down 9.1% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | - | N/A |
| 2 Bedrooms | $124K | $78.3K | -36.8% |
| 3 Bedrooms | $169.9K | $199.9K | +17.7% |
| 4 Bedrooms | $260.4K | $247K | -5.2% |
| 5+ Bedrooms | $345.2K | $295K | -14.6% |
Summary: Tarboro housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.8%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 5.2%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 49 | -9.3% |
Summary: The Tarboro real estate market had 49 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tarboro housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were 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. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Tarboro in November 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 76 Days | +36.5% |
Summary: Homes in Tarboro had an average of 76 days on market in Nov 2024, up by 36.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 11 homes were sold in Tarboro; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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