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 neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, New Bern was a Seller's Market.

Key Takeaway

New Bern is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$25,764(+9.2%)

Key Takeaway

Homes in New Bern have sold for 9.2% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $232.5K$250K
+7.5%
2 $165K$185K
+12.1%
3 $261K$291K
+11.5%
4 $332.4K$355.6K
+7.0%
5+ $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
+9.2%
Trent Woods
+5.5%

Housing Supply in New Bern, NC

How many homes are available in New Bern, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
460504+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

# BEDSJan 2024Feb 2024CHANGE
1 88
0.0%
2 2939
+34.5%
3 293317
+8.2%
4 104114
+9.6%
5+ 2626
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 2024Feb 2024CHANGE
6777+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Bern, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
41 Days49 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in New Bern, NC

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