Is Greensboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Greensboro has remained a Seller's Market.
Housing Prices in Greensboro, NC
How much do homes in Greensboro, NC cost?
Median Sold Price
$275,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Greensboro was $275,000 in February 2024, up 11.7% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.7K | $158K | +15.5% |
2 Bedrooms | $155K | $175.3K | +13.1% |
3 Bedrooms | $235K | $259.9K | +10.6% |
4 Bedrooms | $375K | $399.9K | +6.7% |
5+ Bedrooms | $530.2K | $580K | +9.4% |
Summary: Greensboro housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Greensboro | $246.1K | $275K | +11.7% |
Gilmer Township | $190.6K | $212.3K | +11.4% |
Morehead Township | $268.9K | $289.3K | +7.6% |
Center Grove Township | $612K | $642.4K | +5.0% |
Monroe Township | $370K | $379.6K | +2.6% |
Housing Supply in Greensboro, NC
How many homes are available in Greensboro, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
895 | 932 | +4.1% |
Summary: The Greensboro real estate market had 932 homes for sale in February 2024, a 4.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 9 | -25.0% |
2 Bedrooms | 180 | 185 | +2.8% |
3 Bedrooms | 422 | 437 | +3.6% |
4 Bedrooms | 233 | 249 | +6.9% |
5+ Bedrooms | 48 | 52 | +8.3% |
Summary: The Greensboro housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
230 | 236 | +2.6% |
Asking Price vs. Sold Price
133 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 236 homes were sold or pending in Greensboro in February 2024, up by 2.6% month-over-month. Of the 236 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
32 Days | 39 Days | +21.9% |
Summary: Homes in Greensboro had an average of 39 days on market in Feb 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
139 Homes Were Sold
Under 30 Days
72 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During February 2024, 236 homes were sold in Greensboro; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.