eastern NC real estate - craigslist (2024)

FAQs

Is it a good time to buy property in NC? ›

Is it a buyer's or seller's market in North Carolina? It is considered a seller's market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.9%, making the average house payment $2,560, which is $25 lower than a year before.

$335,521. The average North Carolina home value is $335,521, up 4.4% over the past year and goes to pending in around 12 days.

North Carolina has some amazing places to live. And in early 2022, the median price of a single family home was $369,500. That's 1% lower than the national median price of $375,000. And good news for renters: The median monthly rent for a two-bedroom apartment in North Carolina is $1,137.

And yes, the supply and demand for an average home also drives a brisk market in the state. Typically, as one of the top states for home buyers, the North Carolina housing market offers a number of unique properties like those found in the mountains of Western North Carolina.

North Carolina Housing Market Supply and Demand

Home supply in North Carolina is at a record low. There was a 16.5% drop in the number of newly listed homes, and a 1.5% drop in the total number of homes for sale. Price drops have also increased due to demand- with an overall growth rate of -26.9 points.

Cost of living in NC

According to the report, single adults need about $88,317 to live comfortably and families of four need $200,762.

Maybe due to the mortgage rate climbing to nearly 8%! And the number of houses for sale in NC was 38,770 in the month, 0.1% less than in 2023. The decrease in home sales can be attributed to not having enough properties in Tar Heel State. The months of supply is 3 months, which makes NC a seller's market.

Asheboro

Asheboro's cost of living is 19.5% lower than the national average. The average transportation are 25.8% lower than the national average. Asheboro's affordable food, health, housing, and transportation facilities make the city one of the cheapest places to live in North Carolina.

In addition to being named the top place to live in North Carolina, Raleigh was also among the top 25 best cities in America, best cities to raise a family and with the best public schools in the country, according to Niche.

Where is the most affordable housing in NC? ›

#1: Rocky Mount. With a median home sale price of $217,500, Rocky Mount lands the number one spot on our list as the most affordable place to live in North Carolina. There are about 54,400 residents living in this mid-sized city.

Buying investment property in North Carolina is a worthwhile venture. This is due to high occupancy rates, steady demand for rentals, and historically stable performance. However, there are important details that should be considered before investing.

Today, buyer demand is still greater than housing supply. So home prices are likely to stay mostly the same in 2024, with some markets experiencing a small increase or a small decrease in dollar amount.

If getting the lowest price possible is your main priority, consider searching for a home in November or December. There won't be as many houses to choose from compared to the spring and summer months, but you'll face less competition and a higher likelihood of purchasing a home below the asking price.

Best Time to Sell Your House for a Higher Price

April, May, and June are the best months to sell your house in North Carolina.