76 cities with year-over-year price decreases
-35.1%
Biggest Drop
-11.9%
Avg Decline
Price drops can signal buying opportunities. These markets may offer better negotiating leverage and more affordable entry points compared to last year.
| # | City | YoY Change | Median Price | Days on Market | Months Supply |
|---|---|---|---|---|---|
| 1 | Lake Norman of Iredell | -35.1% | $1.08M | 112 days | 3.5 mo |
| 2 | Blowing Rock | -34.4% | $763K | 72 days | 3.6 mo |
| 3 | Lumberton | -31.0% | $165K | 71 days | 3.5 mo |
| 4 | Summerfield | -30.4% | $568K | 49 days | 2.1 mo |
| 5 | Butner | -29.2% | $250K | 38 days | 1.7 mo |
| 6 | Nags Head | -27.3% | $575K | 52 days | 3.9 mo |
| 7 | Mills River | -26.0% | $477K | 64 days | 5.9 mo |
| 8 | Beaufort | -22.5% | $500K | 68 days | 3.2 mo |
| 9 | Kitty Hawk | -22.3% | $570K | 64 days | 3.7 mo |
| 10 | Fuquay-Varina | -22.1% | $428K | 67 days | 2.5 mo |
| 11 | Southern Pines | -21.0% | $453K | 52 days | 5.0 mo |
| 12 | Etowah | -20.8% | $380K | 132 days | 3.8 mo |
| 13 | Hampstead | -20.7% | $464K | 104 days | 4.8 mo |
| 14 | Weaverville | -20.5% | $378K | 126 days | 4.2 mo |
| 15 | Maggie Valley | -19.9% | $381K | 202 days | 3.8 mo |
| 16 | King | -17.9% | $259K | 115 days | 3.7 mo |
| 17 | Chapel Hill | -17.1% | $498K | 48 days | 2.2 mo |
| 18 | Morrisville | -16.5% | $426K | 89 days | 1.6 mo |
| 19 | Bessemer City | -16.3% | $221K | 42 days | 3.1 mo |
| 20 | Woodfin | -16.3% | $385K | 128 days | 6.6 mo |
| 21 | Marion | -16.1% | $193K | 38 days | 5.6 mo |
| 22 | Boiling Spring Lakes | -14.5% | $280K | 64 days | 5.1 mo |
| 23 | Greenville | -14.4% | $227K | 46 days | 2.8 mo |
| 24 | Westport | -13.9% | $575K | 104 days | 2.0 mo |
| 25 | Carolina Shores | -13.9% | $342K | 90 days | 3.2 mo |
| 26 | Beech Mountain | -13.2% | $330K | 104 days | 5.4 mo |
| 27 | Atlantic Beach | -12.7% | $645K | 31 days | 8.9 mo |
| 28 | Albemarle | -12.6% | $249K | 69 days | 5.0 mo |
| 29 | Oxford | -12.5% | $210K | 47 days | 2.0 mo |
| 30 | Wingate | -12.1% | $307K | 198 days | 3.0 mo |
| 31 | Asheville | -12.1% | $444K | 82 days | 5.2 mo |
| 32 | Selma | -11.8% | $265K | 82 days | 1.6 mo |
| 33 | Trinity | -11.0% | $289K | 53 days | 4.0 mo |
| 34 | Northchase | -10.5% | $320K | 81 days | 1.2 mo |
| 35 | Graham | -10.3% | $295K | 77 days | 3.4 mo |
| 36 | Elizabeth City | -10.2% | $250K | 63 days | 2.7 mo |
| 37 | Mount Airy | -9.8% | $246K | 68 days | 2.8 mo |
| 38 | Southern Shores | -9.7% | $628K | 66 days | 2.0 mo |
| 39 | Lenoir | -9.6% | $230K | 84 days | 3.5 mo |
| 40 | Matthews | -9.5% | $500K | 57 days | 2.2 mo |
| 41 | Cornelius | -9.2% | $525K | 72 days | 3.0 mo |
| 42 | Denver | -9.1% | $517K | 57 days | 2.5 mo |
| 43 | Cary | -8.8% | $570K | 47 days | 2.0 mo |
| 44 | Raeford | -8.8% | $266K | 67 days | 2.5 mo |
| 45 | Locust | -8.6% | $366K | 81 days | 2.6 mo |
| 46 | Statesville | -8.4% | $270K | 74 days | 5.0 mo |
| 47 | Conover | -8.1% | $314K | 42 days | 2.4 mo |
| 48 | Hope Mills | -7.3% | $255K | 50 days | 2.7 mo |
| 49 | Garner | -7.1% | $391K | 72 days | 1.9 mo |
| 50 | Angier | -7.0% | $330K | 111 days | 3.2 mo |
| 51 | Rolesville | -7.0% | $400K | 122 days | 2.9 mo |
| 52 | Waynesville | -6.9% | $343K | 123 days | 3.6 mo |
| 53 | Cherryville | -6.7% | $263K | 82 days | 6.2 mo |
| 54 | Marvin | -6.5% | $1.09M | 31 days | 2.5 mo |
| 55 | Canton | -6.5% | $374K | 82 days | 3.0 mo |
| 56 | Kill Devil Hills | -6.5% | $505K | 103 days | 3.8 mo |
| 57 | Porters Neck | -5.8% | $678K | 136 days | 2.8 mo |
| 58 | Huntersville | -5.7% | $525K | 75 days | 2.1 mo |
| 59 | Cramerton | -5.6% | $298K | 66 days | 3.3 mo |
| 60 | Monroe | -5.3% | $389K | 59 days | 2.2 mo |
| 61 | Five Points | -5.3% | $348K | 86 days | 1.1 mo |
| 62 | Shallotte | -4.6% | $281K | 91 days | 3.8 mo |
| 63 | Wake Forest | -4.5% | $450K | 49 days | 2.9 mo |
| 64 | Spout Springs | -4.4% | $325K | 91 days | 2.5 mo |
| 65 | Rocky Mount | -4.3% | $215K | 35 days | 4.8 mo |
| 66 | Mooresville | -3.7% | $442K | 104 days | 3.4 mo |
| 67 | Sanford | -3.6% | $304K | 96 days | 4.9 mo |
| 68 | Ogden | -3.5% | $550K | 59 days | 2.1 mo |
| 69 | Surf City | -3.1% | $465K | 156 days | 4.0 mo |
| 70 | Wilson's Mills | -2.9% | $330K | 90 days | 2.3 mo |
| 71 | Gibsonville | -2.9% | $319K | 71 days | 3.1 mo |
| 72 | New Bern | -2.7% | $328K | 69 days | 2.9 mo |
| 73 | Murraysville | -2.2% | $373K | 54 days | 1.5 mo |
| 74 | Morehead City | -1.4% | $395K | 70 days | 9.3 mo |
| 75 | Washington | -1.3% | $270K | 91 days | 2.9 mo |
| 76 | Clayton | -0.1% | $326K | 73 days | 2.9 mo |
76 cities in North Carolina are experiencing year-over-year price declines. The largest drop is in Lake Norman of Iredell at -35.1%.
Price drops can create buying opportunities, but timing the market is difficult. Work with a local agent who understands whether a market is stabilizing or may continue to decline.
Several North Carolina cities are experiencing year-over-year price declines. Our data tracks median home prices across all major North Carolina markets, updated regularly. Check the city list above to see which areas have the largest price drops and best buying opportunities.
Price drops typically occur when housing inventory increases faster than buyer demand. Contributing factors in North Carolina include rising inventory from new construction, higher mortgage rates reducing buyer purchasing power, and market corrections in areas that saw rapid price appreciation.
Market forecasts vary by city. Areas with growing inventory and slowing demand may see continued price softening, while cities with strong job growth and limited supply tend to stabilize. Monitor months of supply and price trends in your target North Carolina city for the most accurate picture.
Falling prices can present excellent buying opportunities, especially if you're planning to stay long-term. The key is understanding whether the decline is a temporary correction or a deeper structural issue. A local North Carolina agent can help you evaluate specific neighborhoods and identify properties priced below market value.
Price changes vary significantly across North Carolina cities. Some areas have seen modest 1-3% declines, while others may show larger drops of 5% or more. Use our city-level data above to see the exact year-over-year price change for each market.
Work with a local agent who can help you identify value in changing markets.
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