The North Carolina Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in North Carolina

💡 Key North Carolina housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $335,974[1]#26 of 50 states9% lower
Median Listing Price $424,950[2]#26 of 50 states7.4% lower
Median Sale Price $400,900[3]#27 of 50 states6.9% lower
30 Year Mortgage Rate 7.02%[4]#29 of 50 states0.6% higher
Median Days on Market 41[5]#23 of 50 states0.6% shorter
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🗺️ Buying a house in the North Carolina real estate market

North Carolina has an affordability score of 7.1, meaning it takes 7.1 years of the median household income ($56,642) to afford North Carolina's median home sale price ($400,900). Because of this, we rank North Carolina as the 18th least affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $400,900[6]#27 of 50 states6.9% lower
30 Year Mortgage Rate 7.02%[7]#29 of 50 states0.6% higher
Median Household Income $56,642[8]#39 of 50 states12.2% lower
Affordability Ratio 7.1#33 of 50 states7.3% higher
Buyers Agent Commission 2.63%[9]#22 of 50 states1.7% lower
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Resources for North Carolina home buyers

🗺️ Selling a house in the North Carolina real estate market

According to our detailed survey of North Carolina real estate agents, listing agents (those representing the seller) charge an average commission in North Carolina of 2.88%, which is the 22nd highest in the United States. Buyers' agents charge an average commission of 2.63%, which is the 22nd lowest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $424,950[10]#26 of 50 states7.4% lower
Median Sale Price $400,900[11]#27 of 50 states6.9% lower
Median Days on Market 41[12]#23 of 50 states0.6% shorter
Buyer's Agent Commission 2.63%[13]#22 of 50 states1.7% lower
Listing Agent Commission 2.88%[14]#29 of 50 states0.8% higher
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Resources for North Carolina home sellers

Moving to North Carolina

According to our recent moving trends survey[15], North Carolina is the 17th most desirable state to move to, with 10% of Americans indicating that they would choose to move there if money were no object. Likewise, 11% of survey respondents indicated that they would move to Charlotte among a choice of America's largest cities, and 7% indicated that they would move to Raleigh. Among medium-sized cities, 16% indicated that they would move to Winston, and 12% indicated that they would move to Greenville.

Here's how North Carolina cities rank in a number of our research studies.

StudyBest North Carolina cityRank
Best Pizza Cities[16]Raleigh44th best
Best Coffee Cities[17]Raleigh27th best
Best LGBTQ Cities[18]Charlotte29th best
Best Bike Cities[19]Raleigh13th best
Best Commuter Cities[20]Raleigh3rd best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated May 31, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[3] Redfin – "Redfin Data Center". Updated May 2024.
[4] Bankrate – "Bankrate". Updated July 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[6] Redfin – "Redfin Data Center". Updated May 2024.
[7] Bankrate – "Bankrate". Updated July 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[11] Redfin – "Redfin Data Center". Updated May 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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