Is Greensboro, 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, Greensboro has remained a Seller's Market.
Key Takeaway
Greensboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greensboro, NC
How much do homes in Greensboro, NC cost?
Median Sold Price
$275,066
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Greensboro have sold for 10% more than they did a year ago.
Summary: The median home sold price in Greensboro was $275,066 in March 2024, up 10% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | $150K | +8.7% |
| 2 Bedrooms | $157.3K | $178.1K | +13.2% |
| 3 Bedrooms | $236.7K | $260K | +9.8% |
| 4 Bedrooms | $378.1K | $403.5K | +6.7% |
| 5+ Bedrooms | $549K | $576.1K | +4.9% |
Summary: Greensboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Gilmer Township | $190.6K | $214K | +12.3% |
| Greensboro | $249.9K | $275K | +10.0% |
| Morehead Township | $270.6K | $290K | +7.1% |
| Center Grove Township | $620K | $634.1K | +2.3% |
| Monroe Township | $374.9K | $378.6K | +1.0% |
Housing Supply in Greensboro, NC
How many homes are available in Greensboro, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 952 | 1,010 | +6.1% |
Summary: The Greensboro real estate market had 1,010 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 189 | 207 | +9.5% |
| 3 Bedrooms | 449 | 469 | +4.5% |
| 4 Bedrooms | 251 | 262 | +4.4% |
| 5+ Bedrooms | 54 | 64 | +18.5% |
Summary: The Greensboro 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 increased by 9.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 253 | 292 | +15.4% |
Asking Price vs. Sold Price
147 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
88 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greensboro, you may be able to get a good deal. 50.3% of homes here sold below asking price last month.
Summary: A total of 292 homes were sold or pending in Greensboro in March 2024, up by 15.4% month-over-month. Of the 292 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Greensboro, NC
How long does it take to sell a home in Greensboro, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 32 Days | -4.7% |
Summary: Homes in Greensboro had an average of 32 days on market in Mar 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
194 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greensboro are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 292 homes were sold in Greensboro; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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