North Carolina Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

September 9th, 2021
Updated September 9th, 2021

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North Carolina real estate trends

Real estate trends in North Carolina | Sellers | Buyers | Investors | The best and worst of North Carolina | North Carolina resources

North Carolina real estate trends (July 2021)

How is the real estate market in North Carolina?
🏠 Average home value: $254,625
📈 2.17% home value increase month over month
💰 Median sale price: $312,000
⏳ 53 days on the market
🔑 Homes on the market: 15,971
📆 0.7 months of housing inventory
🏦 30-year mortgage rate: 3.04%
💵 Average income: $54,602
State of the market: B
Listing prices in North Carolina have declined recently, suggesting sellers had been overestimating what buyers would pay for homes. But the minuscule amount of inventory in the state should support market health for the foreseeable future.
*Data last updated July 2021

Recently, North Carolina has become a major destination for new residents — and it's easy to understand why.

From the warm sands of the Outer Banks to the Appalachian Mountains, North Carolina offers natural beauty and Southern charm. The Tar Heel State's park system includes more than 40 diverse sites, not to mention the dozen seashores, historic sites, and parkways that are part of the National Park Service.

Echoing the Wright Brothers' famous ingenuity, North Carolinians have a long history of advancing everything from jazz music to craft beer.

If you're thinking of buying or selling in North Carolina, these North Carolina housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in North Carolina

North Carolina real estate market forecast for sellers
⏰ Homes are selling 15.5 days faster than the annual average
💰 Homes are selling for $142 more than the annual average
💸 Average listing commission: 2.86%
💸 Average buyer's commission: 2.59%

How to sell a home in North Carolina

Cost to sell a home in North Carolina

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Buying a home in North Carolina

How much home you can buy with $300,000 in...
🏠 Charlotte: 1,626 sq ft
🏡 Asheville: 1,217 sq ft
🏡 Raleigh: 1,543 sq ft
🏠 Durham: 1,396 sq ft

Investing in North Carolina real estate

Best of North Carolina

Each month, we compare cities in North Carolina based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in North Carolina
1. Mount Airy
2. Wilson
3. Shelby
4. Lumberton
5. Forest City

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Worst of North Carolina

Each month, we compare cities in North Carolina based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in North Carolina
1. Asheville
2. Pinehurst-Southern Pines
3. Wilmington
4. Jacksonville
5. Roanoke Rapids

North Carolina resources

👋 Next Steps: Talk to an expert!

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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