Is Cramerton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Cramerton has remained a Seller's Market.
Key Takeaway
Cramerton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cramerton, NC
How much do homes in Cramerton, NC cost?
Median Sold Price
$369,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Cramerton have sold for 7% more than they did a year ago.
Summary: The median home sold price in Cramerton was $369,000 in June 2024, up 7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191K | $164.9K | -13.6% |
| 2 Bedrooms | $243.5K | $250K | +2.7% |
| 3 Bedrooms | $347.7K | $363K | +4.4% |
| 4 Bedrooms | $530K | $518.5K | -2.2% |
| 5+ Bedrooms | $520.7K | $765K | +46.9% |
Summary: Cramerton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 46.9%.
Median Sold Price Compared To Nearby Cities
| Cramerton | $345K | $369K | +7.0% |
| South Point Township | $368K | $381K | +3.5% |
| Belmont | $430.8K | $417.6K | -3.1% |
Housing Supply in Cramerton, NC
How many homes are available in Cramerton, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Summary: The Cramerton real estate market had 53 homes for sale in June 2024, a 8.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 23 | 31 | +34.8% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Cramerton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 34.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 8 | 17 | +112.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cramerton, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Cramerton in June 2024, up by 112.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 29 Days | +24.3% |
Summary: Homes in Cramerton had an average of 29 days on market in Jun 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cramerton are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 17 homes were sold in Cramerton; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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