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Cabarrus Today

Thursday, November 7, 2024

Falling home valuation prices in Cabarrus County in June 2023 compared to June 2022

Realestate3

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Adobe Stock

In June 2023, the median sale price of a home in Cabarrus County fell by $24,250 from the same period in the previous year, while total sales decreased by 32.3%, according to BlockShopper.com.

Data shows that there were 292 homes sold in June 2023, with a median sale price of $311,250 - a 7.2% decrease from the $335,500 median sale price for the same period of the previous year. There were 431 homes sold in Cabarrus County in June 2022.

For context, the median sales tax in Cabarrus County, based on the latest available data from 2022, was $1,996, which stands at 0.6% of June 2023's median home sale price.

The following histogram displays changes in median sales prices in Cabarrus County from June 2022 to June 2023.

June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023$335,500$335,500$328,000$328,000$322,500$322,500$315,000$315,000$305,000$305,000$315,000$315,000$292,500$292,500$320,500$320,500$288,750$288,750$300,000$300,000$290,000$290,000$325,000$325,000$311,250$311,250

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