$5,106 Closing Credit*
$430,000
2K - 2.4K SqFt
3 Beds
•2 Full Baths
Emily Overman, Listing Office: eXp Realty, LLC
Is Gibsonville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$330,495
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$35,495(+12.0%)
Key Takeaway
Homes in Gibsonville have sold for 12% more than they did a year ago.
Summary: The median home sold price in Gibsonville was $330,495 in August 2024, up 12% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96K | $83.7K | -12.8% |
| 2 Bedrooms | $244K | $307.5K | +26.0% |
| 3 Bedrooms | $287K | $298K | +3.8% |
| 4 Bedrooms | $362K | $348K | -3.9% |
| 5+ Bedrooms | $485K | $364K | -24.9% |
Summary: Gibsonville housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 24.9%.
Median Sold Price Compared To Nearby Cities
| Gibsonville | $295K | $330.4K | +12.0% |
| Rock Creek Township | $317.5K | $335K | +5.5% |
| Whitsett | $324.6K | $329K | +1.4% |
| Burlington | $267.4K | $270K | +1.0% |
| Elon | $360.5K | $356.2K | -1.2% |
Housing Supply in Gibsonville, NC
How many homes are available in Gibsonville, NC?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 75 | 81 | +8.0% |
Summary: The Gibsonville real estate market had 81 homes for sale in August 2024, a 8.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 34 | 40 | +17.6% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Gibsonville housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gibsonville, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Gibsonville in August 2024, down by 4.5% month-over-month. Of the 21 sold homes, 52% were sold under asking, 33% were sold at asking, and 14% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 35 Days | 21 Days | -39.2% |
Summary: Homes in Gibsonville had an average of 21 days on market in Aug 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gibsonville are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 21 homes were sold in Gibsonville; 81% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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