Is Cramerton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$345,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cramerton have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Cramerton was $345,000 in March 2024, down 4.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191K | $120K | -37.2% |
| 2 Bedrooms | $232.5K | $259.9K | +11.8% |
| 3 Bedrooms | $365K | $349.9K | -4.1% |
| 4 Bedrooms | $500K | $529.2K | +5.9% |
| 5+ Bedrooms | $506.2K | $680K | +34.3% |
Summary: Cramerton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.2%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Cities
| South Point Township | $378.7K | $369.6K | -2.4% |
| Cramerton | $360K | $345K | -4.2% |
| Belmont | $440K | $402.1K | -8.6% |
Housing Supply in Cramerton, NC
How many homes are available in Cramerton, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Cramerton real estate market had 32 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cramerton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cramerton, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cramerton in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 57 Days | +107.8% |
Summary: Homes in Cramerton had an average of 57 days on market in Mar 2024, up by 107.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 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 March 2024, 5 homes were sold in Cramerton; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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