Q1 of 2024 is complete, so we've put together a recap of what the Carteret County real estate market has seen so far this year, according to the MLS. Keep reading for a quick summary:
AVERAGE SALE PRICE as of March 31, 2024: $606,746
Up from $526,046 on March 31, 2023 — a 15% increase in one year!
NEW LISTINGS from January 1, 2024 through March 31, 2024: 527
Up from 487 in Q1 of 2023 — an 18% increase in listings that hit the market since last year!
MEDIAN DAYS ON MARKET as of March 31, 2024: 26
Most homes sold in 2024 spent less than a month on the market!
While more listings are becoming available in Carteret County compared to the last few years, inventory is low and homes are selling quickly and for more money!
WHAT DOES THIS MEAN FOR OUR LOCAL REAL ESTATE MARKET?
Historically, local stats show that April, May and June have the highest number of real estate closings in Carteret County. Buyers are anxious to settle in by the summer so they can enjoy the warm weather and local events, such as the Atlantic Beach Music Festival and The Big Rock Blue Marlin Tournament, which draw large audiences, including potential purchasers.
If you're considering a sale, don't delay taking action.
At MCKRE, we create a custom selling strategy for EVERY home, no matter the price point. Our expert listing agents determine pricing and strategy, our in-house interior designer and stager highlights each home's best features, and our marketing team delivers a marketing campaign targeting ideal buyers. We have an expert in each department to ensure the perfect sale!
Curious what your home is worth? Reach out to us for your five-minute market analysis HERE.