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Cabarrus Today

Thursday, November 21, 2024

Cabarrus County home valuation prices fell in September 2023 compared to the same period in 2022

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In September 2023, the median sale price of a home in Cabarrus County fell by $29,000 from the same period in the previous year, while total sales decreased by 48.7%, according to BlockShopper.com.

Data shows that there were 157 homes sold in September 2023, with a median sale price of $286,000 - a 9.2% decrease from the $315,000 median sale price for the same period of the previous year. There were 306 homes sold in Cabarrus County in September 2022.

For context, the median sales tax in Cabarrus County, based on the latest available data from 2022, was $1,996, which stands at 0.7% of September 2023's median home sale price.

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

September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023$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$306,000$306,000$308,750$308,750$286,000$286,000

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