Is New Bern, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, New Bern was a Seller's Market.
Housing Prices in New Bern, NC
How much do homes in New Bern, NC cost?
Median Sold Price
$306,200
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in New Bern was $306,200 in February 2024, up 9.2% 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 | $232.5K | $250K | +7.5% |
2 Bedrooms | $165K | $185K | +12.1% |
3 Bedrooms | $261K | $291K | +11.5% |
4 Bedrooms | $332.4K | $355.6K | +7.0% |
5+ Bedrooms | $381.9K | $444.5K | +16.4% |
Summary: New Bern housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
New Bern | $280.4K | $306.2K | +9.2% |
Trent Woods | $385K | $406.2K | +5.5% |
Housing Supply in New Bern, NC
How many homes are available in New Bern, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
460 | 504 | +9.6% |
Summary: The New Bern real estate market had 504 homes for sale in February 2024, a 9.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 29 | 39 | +34.5% |
3 Bedrooms | 293 | 317 | +8.2% |
4 Bedrooms | 104 | 114 | +9.6% |
5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The New Bern housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
67 | 77 | +14.9% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in New Bern in February 2024, up by 14.9% month-over-month. Of the 77 sold homes, 57% were sold under asking, 31% were sold at asking, and 12% were sold over asking.
Days on Market for New Bern, NC
How long does it take to sell a home in New Bern, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 49 Days | +19.4% |
Summary: Homes in New Bern had an average of 49 days on market in Feb 2024, up by 19.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During February 2024, 77 homes were sold in New Bern; 45% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.