Top Small Teams in North Carolina – Ranked By Sides

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2023 North Carolina Housing Market Summary

North Carolina started 2023 with a total of 17,657 single-family homes on the market, with a median home price of $399,900 and an average price per square foot of $234. By the end of the year, inventory had increased to 19,614 homes on the market (+11%), with a median home price of $399,000 (+0%) and an average price per square foot of $254 (+8%).

At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 63 days.

North Carolina started the year with 37% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 34% of North Carolina homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that North Carolina started 2023 as a seller’s market, with an MAI score of 42; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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