2025 has proven to be a year of measured change for the Carteret County real estate market. After years of accelerated growth and tight inventory, many of the usual dynamics are softening or stabilizing. Below is a more detailed look at key trends, data points, and implications.

Key Data & Metrics

• In May 2025, the median sold home price in Carteret County was $513,900, representing ~5.8% growth over the prior year. Rocket Mortgage

• Median listing prices, however, are showing downward pressure: as of May 2025, the median listing price was ~$546,700, down ~8.6% year-over-year. Realtor

• Inventory and absorption changes are notable. According to a local market update:
    • Months of inventory rose ~16.5% YoY, bringing the average to 4.8 months (with ~6 months being “balanced”). 
    • Median days on market increased from ~25 days (last year) to ~40 days. 

• The average sale price across all transactions is down ~2.7%, while the median sale price remains nearly flat (around $460,000). 

• Additional market indicators:
    • In April 2025, the housing inventory median days on market was 59 days. Trading Economics
    • “Market hotness” (listing views per property) dropped ~7.58% in April 2025. Trading Economics

• Also relevant: Carteret County completed a general property reappraisal in 2025, with new assessed values effective Jan. 1, 2025, and notices mailed in March. Carteret County+2Carteret County+2
    The reappraisal is expected to increase the tax base by ~80–90%, though that does not directly translate to equivalent increases in tax bills. Carteret County+1

What does this mean for Home Buyers?

More Choices

• Inventory is up ~14% compared to last year, meaning you have more homes to choose from.
• With nearly 5 months of inventory, this market is no longer ultra-competitive — you can take your time.

Better Negotiating Power

• Homes are staying on the market longer (median 40+ days vs ~25 last year).

• Sellers may be more open to price adjustments, closing cost credits, or other concessions.

Still Need to Act on Good Homes

• While the market is cooling, desirable or well-priced homes still sell quickly.

• Be ready to move when the right one hits — especially in hotspots like Swansboro, Morehead, or waterfront properties.

Financing Still Matters

• Interest rates remain a major affordability factor. Locking in a good rate is key.
• Slight declines in average sale prices (~2.7%) may help offset rate pressure, but not enough to wait too long if the right property appears.

 

What does this mean for Home Sellers?

Homes Still Selling — If Priced Right

• The median sale price (~$460,000) is flat year-over-year, but buyers are more price-sensitive.

• Overpricing leads to longer days on market and lower final sale prices.

Be Strategic

• Invest in strong marketing: professional photos, staging, and clean presentation go further now than in a hot market.

• Be flexible: sellers who negotiate reasonably are having more success.

More Competition

• Inventory is growing, so your listing may be one of many. You need to stand out.

• Watch out for longer timeframes — median days on market is up ~60% compared to last year.

Reappraisal Could Influence Buyer Psychology

• With 2025 property value reassessments complete, some buyers may be wary of higher future tax bills.

• Transparency around tax estimates, HOA dues, or ownership costs can build trust and reduce objections.

Final Thoughts: What This Market Means for YOU!

As we move through the second half of 2025, Carteret County’s real estate market is showing signs of stabilization. While we’re no longer in the fast-paced seller’s market of recent years, homes are still selling — especially when priced and presented well.

For sellers, it’s time to be strategic. Proper pricing, smart marketing, and a little patience will go a long way. Buyers are still active — but they’re more selective and expect value.

For buyers, this may be your window of opportunity. With more homes on the market and fewer bidding wars, you’ve got negotiating room and time to make thoughtful decisions. Just don’t wait too long — desirable homes, especially near the coast, still move quickly.

Whether you’re looking to buy, sell, or invest, understanding the current market conditions is key. If you'd like a personalized market analysis or want to explore your options, I’m happy to help.

Click here to connect today. Your next move might be closer than you think.