Is Craven County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Craven County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Craven County has remained a Seller's Market.

Key Takeaway

Craven County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Craven County, NC

How much do homes in Craven County, NC cost?

Median Sold Price

$296,269

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$26,086(+9.7%)

Key Takeaway

Homes in Craven County have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Craven County was $296,269 in March 2024, up 9.7% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $235K$242K
+3.0%
2 $160K$172.5K
+7.8%
3 $254.7K$279.9K
+9.9%
4 $329K$350K
+6.4%
5+ $389.5K$446K
+14.5%

Summary: Craven County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 14.5%.

Median Sold Price Compared To Nearby Counties

Craven County
+9.7%
Carteret County
+6.7%
Lenoir County
+6.4%
Jones County
+5.0%
Pamlico County
+3.4%

Housing Supply in Craven County, NC

How many homes are available in Craven County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
645662+2.6%

Summary: The Craven County real estate market had 662 homes for sale in March 2024, a 2.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 98
-11.1%
2 4846
-4.2%
3 404417
+3.2%
4 155161
+3.9%
5+ 2930
+3.4%

Summary: The Craven County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 3.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
116117+0.9%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

39 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Craven County, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.

Summary: A total of 117 homes were sold or pending in Craven County in March 2024, up by 0.9% month-over-month. Of the 117 sold homes, 49% were sold under asking, 33% were sold at asking, and 18% were sold over asking.

Days on Market for Craven County, NC

How long does it take to sell a home in Craven County, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
51 Days63 Days+24.8%

Summary: Homes in Craven County had an average of 63 days on market in Mar 2024, up by 24.8% compared to last year.

Breakdown of Home Sale Times

63 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Craven County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 117 homes were sold in Craven County; 54% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 22% 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 22 Days Ago

Newest Listings in Craven County, NC

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