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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gibsonville is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Gibsonville, NC

How much do homes in Gibsonville, NC cost?

Median Sold Price

$299,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$15,937(-5.1%)

Key Takeaway

Homes in Gibsonville have sold for 5.1% less than they did a year ago.

Summary: The median home sold price in Gibsonville was $299,000 in March 2024, down 5.1% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$96K
N/A
2 $307.2K$281.5K
-8.4%
3 $282.4K$288.5K
+2.1%
4 $370K$360K
-2.7%
5+ $490K$349.9K
-28.6%

Summary: Gibsonville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 28.6%.

Median Sold Price Compared To Nearby Cities

Rock Creek Township
+3.0%
Elon
+2.5%
Whitsett
+2.3%
Burlington
+1.6%
Gibsonville
-5.1%

Housing Supply in Gibsonville, NC

How many homes are available in Gibsonville, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8487+3.6%

Summary: The Gibsonville real estate market had 87 homes for sale in March 2024, a 3.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 59
+80.0%
3 2827
-3.6%
4 3534
-2.9%
5+ 1616
0.0%

Summary: The Gibsonville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1228+133.3%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gibsonville, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Gibsonville in March 2024, up by 133.3% month-over-month. Of the 28 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.

Days on Market for Gibsonville, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
46 Days90 Days+93.0%

Summary: Homes in Gibsonville had an average of 90 days on market in Mar 2024, up by 93% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Gibsonville are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 28 homes were sold in Gibsonville; 25% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 54% 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 17 Days Ago

Newest Listings in Gibsonville, NC

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