eastern NC real estate - craigslist (2024)

FAQs

Is the real estate market slowing down in North Carolina? ›

Are North Carolina home prices dropping or rising? Home prices in North Carolina are rising overall. Median home prices are up 3.3% since May 2023 and up 26% in the past 3 years.

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.

North Carolina is one of the top states in the south, listed by ATTOM Data Solutions, showing equity-rich property 33.5-percent. This is indeed a positive trend highlighting that the balance of a mortgage is at 50-percent or less than the estimated value of the property.

$335,974. The average North Carolina home value is $335,974, up 4.8% over the past year and goes to pending in around 11 days.

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.

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.

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.

J. Long Custom Homes said their clients' 6,700-square-foot luxury beach mansion on Figure Eight Island near Wilmington just sold for $13.9 million. They said the home, located on Beach Road South, has five bedrooms and eight bathrooms.

As a general rule, building a custom home that is tailored to your every need will be more expensive than buying a tract home from a builder. On average, building a tract home in North Carolina will cost $200-$300 per square foot, while building a custom home could be as much as 20% to 50% above that cost.

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.

Is real estate worth it anymore? ›

Housing experts do not think so. While there is some economic uncertainty swirling right now, most experts believe that the housing market will not crash. Home prices may decline in some areas, but it won't be catastrophic — think of it as more of a soft landing.

According to mylifeelsewhere.com, Florida is 4.0% more expensive than North Carolina overall in terms of restaurants, entertainment, and groceries, making it a very attractive destination for many people. In comparison to Florida, living expenses in North Carolina are relatively lower.

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.

Late summer and early fall may give you the best of both worlds with a combination of good selection with less competition and slightly lower prices. Explore Progressive's editorial standards for Answers articles to find out why you can trust the insurance information you find here.

It could take until 2026 to see a 'normal' real estate market. To get affordability back to a comfortable range will take a combination of higher wages, lower interest rates and stable prices, economists say, and that combination may take until 2026 or later to coalesce.

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.