Is New Bern, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$306,657
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Bern was $306,657 in March 2024, up 8.8% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $242K | +3.0% |
2 Bedrooms | $166.5K | $190K | +14.1% |
3 Bedrooms | $264.8K | $291.1K | +9.9% |
4 Bedrooms | $334.9K | $355K | +6.0% |
5+ Bedrooms | $382.6K | $445.5K | +16.4% |
Summary: New Bern housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
New Bern | $281.8K | $306.6K | +8.8% |
Trent Woods | $392.5K | $407.5K | +3.8% |
Housing Supply in New Bern, NC
How many homes are available in New Bern, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
516 | 531 | +2.9% |
Summary: The New Bern real estate market had 531 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 39 | 36 | -7.7% |
3 Bedrooms | 324 | 342 | +5.6% |
4 Bedrooms | 120 | 123 | +2.5% |
5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The New Bern housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 87 | +7.4% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in New Bern in March 2024, up by 7.4% month-over-month. Of the 87 sold homes, 51% were sold under asking, 30% were sold at asking, and 20% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 69 Days | +25.8% |
Summary: Homes in New Bern had an average of 69 days on market in Mar 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During March 2024, 87 homes were sold in New Bern; 57% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.