North Carolina Housing Market
In September, home prices in North Carolina saw a increased of 4.8% compared to the previous year. Meanwhile, home sales increased by 7.7% , and the number of homes for sale rose by 24.6%.
North Carolina Housing Market Overview
In September 2024, home prices in North Carolina increased by 4.8% compared to the previous year, with a median sale price of $384,100. The number of homes sold increased by 7.7% year-over-year, with 13,100 homes sold in 2024, compared to 12,155 in 2023. Additionally, the median time a home stayed on the market increased by 16.6%, reaching 42 days.
Median Price
$384,100 | YOY growth 4.8%
# Of Homes Sold
13,100 | YOY growth 7.7%
Days on Market
42 | YOY growth 16.6%
Median Price
Historical Median Price for past 24 months
Top 10 North Carolina Cities with Investment Property Opportunities
2,705 investment Property
2. Raleigh, NC
1,636 investment Property
1,304 investment Property
4. Durham, NC
919 investment Property
529 investment Property
441 investment Property
414 investment Property
8. New Bern, NC
409 investment Property
9. Raeford, NC
394 investment Property
10. Clayton, NC
389 investment Property
North Carolina Housing Supply
In September 2024, California had 54,410 homes for sale, representing a 24.6% increased compared to the previous year. The number of newly listed homes was 15,219 and up 7.6% year over year. The average months of supply is 2.9 months, up 11.5% year over year.
# of Homes for Sale
54,410 | YOY growth 24.6%
# of Newly Listed Homes
15,219 | YOY growth 7.6%
Month of Supply
2.9 | YOY growth 11.5%
# of Homes for Sale
Historical # of Homes for Sale for past 24 months
Top Markets in North Carolina
Market | Mashmeter Score | Optimal Strategy | Median Price |
|---|---|---|---|
Revolution Park, Charlotte, NC | A+ | Short-term | 412,900 |
Airport, Wilmington, NC | A+ | Short-term | 463,926 |
Fairmont, NC | A | Short-term | 248,000 |
Elizabethtown, NC | A | Short-term | 129,900 |
Rosman, NC | A | Short-term | 795,000 |
Top Neighborhoods in North Carolina
North Carolina short term regulations
Charlotte, NC
Rating:
Legal for non-occupied:
Yes
Rule Summary:
No major restrictions yet; discussions are in progress. The city has dropped the regulatory language from the zoning Ordinance but intends to issue a separate ordinance in the near future.
Rented days limit:
N/A
Raleigh, NC
Rating:
Legal for non-occupied:
Only in 5 zones
Rule Summary:
Short Term Rental regulations apply to dwelling units that are used for overnight lodging accommodations that are provided to renters for no longer than 30 days for compensation. A portion of or the entire dwelling unit can be used for lodging, including part or all of an accessory structure.
Rented days limit:
N/A
Greensboro, NC
Rating:
Legal for non-occupied:
No
Rule Summary:
If properties are zoned for Multifamily or Office, there is no special permit required. Restrictions apply: The owner or operator of the tourist home must reside on-site. 400 feet from another tourist home; no more than 6 guest rooms are allowed. No more than a 15-day stay is allowed within a 60-day period.
Rented days limit:
Guests can't stay longer than 15 days within a 60-day period.
Durham, NC
Rating:
Legal for non-occupied:
Not regulated
Rule Summary:
No regulations at this point; state tax registration is required. Business registration form NC-BR, Business Registration Application: https://www.ncdor.gov/taxes-forms/business-registration/online-business-registration
Rented days limit:
N/A
Winston–Salem, NC
Rating:
Legal for non-occupied:
Not regulated
Rule Summary:
No regulations at this point; state tax registration is required. Business registration form NC-BR, Business Registration Application: https://www.ncdor.gov/taxes-forms/business-registration/online-business-registration
Rented days limit:
N/A
North Carolina Top Investment Properties Under Median Price
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