Is Gibsonville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Gibsonville has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $96K | N/A |
2 Bedrooms | $307.2K | $281.5K | -8.4% |
3 Bedrooms | $282.4K | $288.5K | +2.1% |
4 Bedrooms | $370K | $360K | -2.7% |
5+ Bedrooms | $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 | $315.3K | $324.7K | +3.0% |
Elon | $356K | $365K | +2.5% |
Whitsett | $315.5K | $322.7K | +2.3% |
Burlington | $258.5K | $262.6K | +1.6% |
Gibsonville | $314.9K | $299K | -5.1% |
Housing Supply in Gibsonville, NC
How many homes are available in Gibsonville, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 87 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 28 | 27 | -3.6% |
4 Bedrooms | 35 | 34 | -2.9% |
5+ Bedrooms | 16 | 16 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 28 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 90 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
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.