eastern NC real estate - craigslist (2024)

FAQs

Is there a buyers or sellers market in North Carolina right now? ›

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 7.2%, making the average house payment $2,609, which is $329 higher than a year before.

Home prices in North Carolina are rising overall. The median home prices are up 5.6% since February 2023 and up 30.8% in the past three years due to many factors.

Raleigh is #2 hottest real estate market in the US, Durham is #4, according to 2024 rankings. RALEIGH, N.C. (WNCN) — Raleigh is currently the second hottest real estate market in the country and Durham is the fourth, according to a new ranking from the U.S. News & World Report.

Home prices across the state have shown a double-digit appreciation rate in a one-year period. In addition, homes that would average nearly 60 days on the market are now lasting just over 30 days. Predictions are that demand will continue for the North Carolina real estate market for the foreseeable future.

The National Low Income Housing Coalition's recent report — The Gap: A Shortage of Affordable Homes — found that there are 326,751 extremely low-income households in North Carolina but only 130,930 affordable rental homes available to them.

The influx of new jobs and a growing economy have attracted more people to the state, increasing the demand for housing and driving up home prices and rents. As more individuals and families relocate to North Carolina for job opportunities and a high quality of life, the housing market is expected to continue thriving.

You'll find the best inventory of houses in spring. If you're after a bargain, consider searching for a house in late autumn or winter. Inventory is lower, but you have a higher likelihood of getting a house below the asking price.

"Sagee Manor" in Highlands, N.C. belongs to a trust linked to the family of Andrew Johnson, a London-based lighting executive, according to the Wall Street Journal. Layout: At 12,000 square feet, the estate's main house has four bedrooms and four bathrooms.

What is the best time of year to sell house in North Carolina? ›

Best Season to Sell Your House in North Carolina

Spring is the primary housing season of the year. If you have time flexibility, listing your home in late spring or early summer can yield quicker sales and higher profits.

In most cases, it is cheaper to buy a house than build one in North Carolina. According to current real estate market data, the median sale price for single-family homes in North Carolina is $311,300.

Understanding the Current Market

As of mid-2024, the North Carolina housing market is experiencing a period of moderate growth. Mortgage rates remain relatively low, making it an attractive time to finance a home. However, fluctuations are possible, so staying updated on rate changes is crucial.

The requirements for obtaining a North Carolina real estate license are some of the most challenging in the country. You want to make the most of what you learn in your coursework so you can pass your exam.

In the state of North Carolina, one out of every 8,175 housing units is currently undergoing foreclosure. North Carolina ranks 26th in the U.S. for its foreclosure rate. While foreclosure completions are at their highest since March 2024, they are still less than half of the pre-pandemic levels of January 2020.