What Is the Cost to Sell a House in North Carolina?
If you’re like most homeowners in the Tar Heel State, your home is likely your most valuable asset. When you decide to sell, it’s a huge financial move, and you’ll want to retain as much proceeds as possible. But how much does it cost to sell a house in North Carolina?
In this guide, we’ve researched the typical expenses you can expect to pay and gathered expert selling tips from a top-rated North Carolina real estate agent.
Housing trends in North Carolina
North Carolina has seen an increase in active listings and the housing landscape remains relatively stable, reflecting an ongoing seller’s market. But, like most states, market conditions have kept many homebuyers and sellers on the fence. According to the North Carolina Association of Realtors, the median statewide single-family home sales price is $370,000. The state has 4.41 months of available inventory, a 23.1% increase over last year.
The days on market — the time from listing a home to having a signed purchase contract — can range between 40 to 57 days.
Brette Davis is a top real estate agent in Raleigh who works with nearly 80% more single-family homes than the average agent in her market. She says home sales in Wake County and Durham County are moving faster than in other parts of the state.
“Between the two counties, the average (DOM) is hovering anywhere from 25 to 31 days. When we go into the winter month, homes usually sit a little bit longer,” Davis says.
She explains that market activity can vary quite a bit in the state, depending on where your home is located, but transaction data doesn’t always tell the whole local story. “Remember that even though the process may initially seem daunting and more challenging, there are great opportunities in our market — both in the timing and also in the location.”
An experienced agent familiar with your North Carolina market will know how to find those home-seller opportunities. Next, let’s review some typical expense numbers so you know what to expect when selling a home in North Carolina.
Start with a home value estimate
Getting a home value estimate is a good first step in estimating the cost to sell a house in North Carolina. With property values and housing markets changing so dramatically in recent years, even if you’re not selling right away, now is the time to check your home’s value. You may be pleasantly surprised to see what it’s worth.
You can get a free preliminary value estimate using HomeLight’s free Home Value Estimator. This automated valuation model (AVM) tool will use recent sales transactions, local market trends, and your property’s latest selling price to provide a ballpark value range in under two minutes. Simply enter your address and answer a few questions about your home to get started.
How much does it cost to sell a house in North Carolina?
Based on current market data, the cost to sell a home in North Carolina ranges from 8% to 12% of your home’s selling price. This typical estimate is based on current market data but can vary widely depending on your home’s location, condition, and local service costs.
Using the statewide median home price of $370,000, your total seller costs with agent commissions might fall between $29,600 and $44,400 based on the averages for each of the common expenses we’ll review below.
However, your final out-of-pocket costs will depend on your unique situation and a number of variable factors, decisions, and preferences. Let’s look at what you need to consider when determining the cost to sell a house in North Carolina.
