Is Cramerton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cramerton is a neutral'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

-$15,000(-4.2%)

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

# BEDSMar 2023Mar 2024CHANGE
1 $191K$120K
-37.2%
2 $232.5K$259.9K
+11.8%
3 $365K$349.9K
-4.1%
4 $500K$529.2K
+5.9%
5+ $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
-2.4%
Cramerton
-4.2%
Belmont
-8.6%

Housing Supply in Cramerton, NC

How many homes are available in Cramerton, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3032+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 77
0.0%
3 1215
+25.0%
4 55
0.0%
5+ 65
-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 2024Mar 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
27 Days57 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Cramerton, NC

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