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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greensboro is a seller's market

Buyer's
Market

Difference Since February 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

$275,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$28,888(+11.7%)

Key Takeaway

Homes in Greensboro have sold for 11.7% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $136.7K$158K
+15.5%
2 $155K$175.3K
+13.1%
3 $235K$259.9K
+10.6%
4 $375K$399.9K
+6.7%
5+ $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
+11.7%
Gilmer Township
+11.4%
Morehead Township
+7.6%
Center Grove Township
+5.0%
Monroe Township
+2.6%

Housing Supply in Greensboro, NC

How many homes are available in Greensboro, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
895932+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

# BEDSJan 2024Feb 2024CHANGE
1 129
-25.0%
2 180185
+2.8%
3 422437
+3.6%
4 233249
+6.9%
5+ 4852
+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 2024Feb 2024CHANGE
230236+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greensboro, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
32 Days39 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greensboro are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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