How Long Does It Take to Sell A Home in North Carolina?
Here’s the typical timeline for selling a Raleigh or Charlotte home.
Whether you own a home in North Carolina or whether you’re a hopeful buyer scoping out the market, it can be helpful to understand how quickly homes are selling once they’ve been listed. Observing statistics like average time on market can help experts, buyers, and sellers to better understand the state of competition in the market and the available inventory overall.
While many markets in the US are seeing a slowdown due to increasing interest rates, a few locations are still seeing particularly fast sales — including Raleigh and Charlotte, NC.
Average Days on Market
Zillow data suggests that Raleigh and Charlotte are among the cities with the shortest times on market. Raleigh clocks in at 10 days on average, while Charlotte sits at 13 days. The national average for days a home will sit on the market is around 25 days, about double the time seen in Raleigh and Charlotte.
It’s important for those who are considering selling or already preparing for the sale of their home to remember that on top of the days a home spends on market, the total time to sell a home will also include the period before it hits the market and the closing period itself.
Before a house goes on the market, sellers work with their realtor to stage the home, photograph it, and prepare the appropriate marketing materials to get the word out. Once an interested buyer has come to an agreement with the seller, there will still be 30-45 days when important actions like home inspection take place.
Implications
Despite the extra steps and time requirements involved in selling a home outside of the listing and showing period itself, it’s undeniable that selling a home is a bit less time-consuming in seller’s markets like Raleigh and Charlotte due to the quick turnover. Still, it’s important to work with an experienced realtor in order to stage and price your home strategically.
On the buyers’ end, the implications of these statistics are a bit less positive. There’s less standing inventory in places like North Carolina’s main cities, and that inventory doesn't last long. In many cases, buyers have to compete with one another to make the highest offer and ultimately go under contract for a home.
In order to skip the competition and avoid over-compromising to land a home in Raleigh or Charlotte, many hopeful homeowners — as well as those looking to sell their home and upgrade to something even better — are opting to build their own homes. With Atmos, you can build a custom home in Charlotte or Raleigh that truly meets all of your priorities, and skip the stress of trying to beat out other offers on existing homes. Get started today!
