Is Cramerton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cramerton was a Seller's Market.
Key Takeaway
Cramerton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cramerton, NC
How much do homes in Cramerton, NC cost?
Median Sold Price
$358,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cramerton have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Cramerton was $358,000 in May 2024, up 2.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191K | $120K | -37.2% |
| 2 Bedrooms | $243.5K | $260.4K | +7.0% |
| 3 Bedrooms | $365K | $351.5K | -3.7% |
| 4 Bedrooms | $637.5K | $540K | -15.3% |
| 5+ Bedrooms | $520.7K | $902K | +73.2% |
Summary: Cramerton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.2%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 73.2%.
Median Sold Price Compared To Nearby Cities
| Cramerton | $347.7K | $358K | +2.9% |
| South Point Township | $374.7K | $375.2K | 0.1% |
| Belmont | $443.4K | $410K | -7.5% |
Housing Supply in Cramerton, NC
How many homes are available in Cramerton, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 47 | +27.0% |
Summary: The Cramerton real estate market had 47 homes for sale in May 2024, a 27.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 19 | 24 | +26.3% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Cramerton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cramerton, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Cramerton in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Cramerton, NC
How long does it take to sell a home in Cramerton, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 19 Days | -73.4% |
Summary: Homes in Cramerton had an average of 19 days on market in May 2024, down by 73.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cramerton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Cramerton; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.