North Carolina Real Estate Market in 2022: Forecasts + Trends

By Clever Real Estate Updated September 1, 2023

North Carolina real estate trends

North Carolina real estate trends (May 2022)

How is the real estate market in North Carolina?
🏠 Average home value: $320,922	📈 0.78% home value increase month over month
💰 Median sale price: $349,600	⏳ 41 days on the market
🔑 Homes on the market: 19,037	📆 1.0 months of housing inventory
🏦 30-year mortgage rate: 7.02000%	💵 Average income: #N/A
State of the market: B
North Carolina’s market is on its way to a slow cool down. Demand has kept sales going at a steady pace — but the increasing inventory and slight decline in home values may be a sign that things have already slowed down.
_{Data last updated May 2022}*

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 1.5% or $3K in listing fees. Eligible buyers get 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 29 days slower than the annual average	💰 Homes are selling for $5,143 more than the annual average
💸 Average listing commission: 2.86%	💸 Average buyer's commission: 2.74%

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: 1,449 sq ft	🏡 Asheville: 1,042 sq ft
🏡 Raleigh: 1,449 sq ft	🏠 Durham: 1,235 sq ft

Investing in North Carolina real estate

Best of North Carolina

💡 Did you know…

Raleigh, North Carolina was ranked the fifth best music city in the U.S. in 2022?

According to the Clever Data Center, Raleigh has twice as many concert venues per 100,000 residents than the average U.S. city. Live music fans will also love that tickets are cheaper than 86% of the other metros we studied.

» Taking notes? 🎵 Learn more about the rankings here: The Best Music Cities in the U.S.

Each month, we compare locations in North Carolina based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in North Carolina
1. Wake County
2. Dare County
3. Camden County
4. Mecklenburg County
5. Macon County

Ready to buy a home in North Carolina? Eligible buyers get cash back with Clever!

Worst of North Carolina

Each month, we compare locations in North Carolina based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in North Carolina
1. Scotland County
2. Robeson County
3. Edgecombe County
4. Halifax County
5. Washington County

North Carolina resources

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Frequently asked questions about North Carolina real estate

Is it a buyer's or seller's market in North Carolina?

Currently, it is a seller’s market in North Carolina. The demand for real estate is high, causing homes to be sold quickly and for more than list price. Still, each local area has its own trends, which is why it’s important to consult with a real estate agent before making any decisions.

Is North Carolina a good state to invest in real estate?

Yes, North Carolina is a good state to invest in real estate, especially in bigger cities like Charlotte and Raleigh. However, to maximize your investment, you will need to do prior research, such as finding out what types of properties are profitable and which neighborhoods to buy in. Check out our guide to real estate investing to learn more.

Is it a good time to buy a house in North Carolina?

It might not be a good time to purchase a house in North Carolina right now, as both listing prices and mortgage rates are higher than normal. If you really need to buy, however, then it’s essential to find a top real estate agent to help you find a property that’s within your budget.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, 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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