North Carolina started 2024 with a total of 19,714 single-family homes on the market, with a median home price of $395,990 and an average price per square foot of $252.67. By the end of the year, inventory had increased to 25,615 homes on the market (+30%), with a median home price of $405,000 (+2%), and an average price per square foot of $248 (-2%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 77 days.
North Carolina started the year with 31.26% 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 38.15% of homes for sale had taken a price cut.
