Is New Bern, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Bern is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, New Bern has remained a Seller's Market.

Key Takeaway

New Bern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in New Bern, NC cost?

Median Sold Price

$253,116

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$32,907(+14.9%)

Key Takeaway

Homes in New Bern have sold for 14.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $227.7K$264.3K
+16.1%
2 $125.5K$160K
+27.5%
3 $197.5K$225.5K
+14.2%
4 $274.5K$330K
+20.2%
5+ $321.5K$385.5K
+19.9%

Median Sold Price Compared To Nearby Cities

Trent Woods
+22.3%
New Bern
+14.9%

How many homes are available in New Bern, NC?

Number of Homes For Sale

Aug 2022Sep 2022%
211177-16.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 77
0.0%
2 2920
-31.0%
3 10892
-14.8%
4 5445
-16.7%
5+ 1313
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
6857-16.2%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Bern, you could pay more than the asking price. 40.4% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
32 Days16 Days-48.7%

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About New Bern, NC

New Bern, NC has 177 homes for sale to choose from. The number of homes for sale in New Bern, NC decreased by 16.1% between August 2022 and September 2022. The median list price of listings available in September 2022 was $253,116, while the average time on the real estate market was 16 days. Listing prices have changed in this real estate market between August 2022 and September 2022: the cost of 1 bedroom properties went up by 16.1%, 2 bedrooms properties became 27.5% more expensive, prices of 3 bedrooms properties went up by 14.2%, 4 bedrooms properties became 20.2% more expensive, prices of 5 bedrooms properties increased by 19.9%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes decreased by 31%, the quantity of 3 bedrooms homes went down by 14.8%, the quantity of 4 bedrooms homes went down by 16.7%, the quantity of 5 bedrooms homes have not changed. In September 2022 more than 23 listings in New Bern, NC were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 20 were sold below.