The average real estate commission North Carolina in 2024

Selling a home in North Carolina involves more than just finding the right buyer — it also means understanding how much you’ll pay in Realtor fees. In 2024, the average Realtor commission in North Carolina is approximately 5.52%, slightly higher than the national average of 5.49%.

While it may seem like a substantial cut of the home sale profit, Realtor fees are justified by the role real estate agents play in facilitating the transaction. Namely, this cost ensures that your home is marketed, negotiated, and sold efficiently. That said, understanding how these commissions are structured and what factors influence them can help you maximize your value—or even reduce the amount you pay in commission.

What is the average Realtor commission in North Carolina?

The average North Carolina Realtor commission currently stands at 5.52%. This fee is typically shared between the seller's agent and the buyer's agent, with the seller covering both portions. For example, on a $350,000 sale, you would pay roughly $19,145 in commission fees, deducted from the proceeds of the sale. 

Commission fees represent the cost of services provided by the Realtors, including listing, marketing, and closing the deal. These rates may be negotiable. Various factors can influence the final amount you pay, from the current real estate market to the specific location of your property.

Why do Realtor commission rates vary in North Carolina?

Realtor commission rates in North Carolina can vary based on numerous factors. Market conditions are often the most significant driver. During a hot seller’s market, with homes selling quickly, agents may reduce their rates to stay competitive. On the flip side, in a slower buyer’s market, commissions may rise as agents work harder to secure a sale.

Property value can also influence commissions. Higher-priced homes allow agents to lower their percentage, since the higher sale price provides them with a larger cut of the profit. In contrast, lower-priced properties might see higher commission percentages to ensure the agent’s compensation covers the time and effort invested in the transaction.

Location also matters. In high-demand urban areas like Raleigh and Charlotte, where competition among agents is fierce, commissions might dip. However, real estate agents in less active or rural area like Madison or Gates County may have higher commission rates that reflect the additional effort needed to attract buyers and close deals.

Key factors that influence Realtor commission rates 

Seeing the Realtor fee on your closing documents can cause sticker shock. It helps to know the cost of working with an agent before you sit down at the table to sign. Whether you’re negotiating or are educating yourself on how Realtor fees are set, it helps to consider:

• Local market: If your home is situated in a high-demand area where properties are selling fast, you may find more room to negotiate with your agent. In these markets, agents might lower their fees to secure more listings, knowing the property is likely to sell quickly.
• Property condition: Homes that are move-in ready, with updated features and good curb appeal, tend to be more attractive to buyers. Typically, this can reduce the amount of work an agent needs to do. In turn, you may be able to negotiate a lower commission rate.
• Repeat business: Realtors often appreciate working with clients they’ve successfully helped before. If you’ve had a positive experience with an agent in the past, they may be more willing to offer you a reduced rate as a returning customer, recognizing your loyalty and the potential for an easier transaction.

How to lower Realtor commission fees in North Carolina

Just because the average Realtor commissions in North Carolina are 5.52% doesn’t mean you’ll necessarily pay that exact amount. In fact, there are opportunities to negotiate a rate you’re comfortable with. Here are a few strategies that can help:

• Negotiate with your agent: Don’t hesitate to have an open conversation with your Realtor about their commission. Agents often have some flexibility, particularly if your property is in excellent condition or in a high-demand neighborhood. Just remember to negotiate in good faith, understanding that this rate represents the value of the work they’re doing to help you sell your home. 
• Consider multiple agents: Interviewing several agents can give you a sense of the standard rates and might reveal opportunities to negotiate. Some agents may offer more competitive rates to win your business. That said, don’t just go with the lowest-cost agent; choose a Realtor you trust to make your real estate transaction seamless. 
• Leverage limited-service agents: If you’re willing to take on some of the responsibilities yourself — like marketing your home to potential sellers or taking care of photos and staging — limited-service agents can help reduce your costs. They offer only essential services like MLS listings and contract management, accompanied by a lower total commission fee.

Here’s how you can save on real estate agent fees.

FAQs

During any real estate transaction, there are plenty of common questions that both buyers and sellers might have. Let’s break down some of the most frequently asked questions about Realtor fees in North Carolina, so you can stay informed and make the best decisions for your situation.

Do buyers pay Realtor fees in North Carolina?

Generally, buyers in North Carolina don’t directly pay Realtor fees. The seller covers the commission for both the listing agent and the buyer’s agent. However, these fees are often baked into the sale price, meaning the buyer may still feel the impact indirectly.

What services are covered by Realtor commissions in North Carolina?

Realtor commissions typically cover a wide range of services that help facilitate the sale or purchase of a home. These services include pricing the property, marketing (e.g., listing on MLS, professional photography, and advertising), negotiating with buyers or sellers, coordinating showings, and handling paperwork from offer to closing. Some agents may also offer additional services like home staging or advice on improving the property’s appeal.

Are Realtor commissions negotiable in North Carolina?

Yes, Realtor commissions are negotiable. While 5.52% is the average rate in North Carolina, sellers may discuss lower fees with their agents, particularly if the home is likely to sell quickly or requires little effort to market.

How do Realtors get paid in North Carolina?

Realtors in North Carolina receive their commission at closing, directly from the sale proceeds. The commission is split between the listing agent and the buyer’s agent, with each agent potentially sharing a portion of the fee with their brokerage.

Learn how much real estate agents make 

Selling in the Tar Heel State? Know your Realtor fees

Getting to know how North Carolina Realtor commissions work is one of the best ways to make the most out of your home sale in North Carolina. With an average Realtor commission rate of 5.52%, these fees can take a chunk out of your profits! The good news is that a little negotiation—and knowing exactly what you’re getting for your money — can leave you with more in your pocket when it comes time to close the deal.