Cabarrus County Real Estate Market Update: May 2025 vs May 2024

Buyers think they’re getting deals.
Sellers think they’re getting top dollar.
So… who’s right?

Well, what we’re seeing and feeling out here in the real estate streets doesn’t always match what the data says on paper.

Let’s dig into the numbers from Cabarrus County, NC — and then we’ll go a little deeper, because that’s where the real story is.

📊 The Numbers: May 2025 vs. May 2024

• Median List Price (2024): $388,000

• Median Sold Price (2024): $387,800

• Average Days on Market (2024): 25

➡️ Fast forward to May 2025:

• Median List Price: $403,000

• Median Sold Price: $400,000

• Average Days on Market: 53

Yes, prices have gone up. And sellers are still getting close to asking price. But here’s where things get interesting…

🧐 What the Stats Don’t Tell You

That list price you see in the MLS? That’s the final list price before going under contract — not where the seller started.

In just the past 7 days, 103 homes in Cabarrus County dropped their asking price. That alone tells us the market is shifting beneath the surface.

And there’s more.

💸 Let’s Talk Seller Concessions

The big headline no one’s talking about?

Out of 229 single-family homes sold in Cabarrus County last month, 128 sellers contributed to the buyers’ closing costs.
That’s nearly 56% of all sales — a clear sign that buyers have more leverage than the raw sold price data suggests.

🤷 So… Who’s Right?

Honestly? Neither.

The buyers who think they can lowball because houses are sitting longer might be disappointed.
And the sellers expecting bidding wars on Day 1? Might want to temper expectations.

The people who really win in this market are the ones who understand the full story — and work with an agent who knows how to dig a little deeper.

👋 Want Help Navigating This Market?

Whether you're thinking of buying, selling, or just trying to figure out if now’s the right time — let’s talk.
I’ll bring the stats, the sarcasm, and a game plan that actually makes sense.

📍 Based in Concord, NC
🔍 Local expert in Cabarrus County real estate