Is New Bern, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Bern has remained a Seller's Market.
Housing Prices in New Bern, NC
How much do homes in New Bern, NC cost?
Median Sold Price
$305,771
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Bern was $305,771 in April 2024, up 6.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $238.4K | $242K | +1.5% |
2 Bedrooms | $170K | $192.5K | +13.2% |
3 Bedrooms | $266.7K | $291.9K | +9.5% |
4 Bedrooms | $337.4K | $360K | +6.7% |
5+ Bedrooms | $382.1K | $447.5K | +17.1% |
Summary: New Bern housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
Trent Woods | $376.5K | $407.5K | +8.2% |
New Bern | $286.8K | $305.7K | +6.6% |
Housing Supply in New Bern, NC
How many homes are available in New Bern, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
466 | 488 | +4.7% |
Summary: The New Bern real estate market had 488 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 36 | 43 | +19.4% |
3 Bedrooms | 269 | 283 | +5.2% |
4 Bedrooms | 129 | 128 | -0.8% |
5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The New Bern housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 118 | +34.1% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 118 homes were sold or pending in New Bern in April 2024, up by 34.1% month-over-month. Of the 118 sold homes, 53% were sold under asking, 30% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 56 Days | +70.9% |
Summary: Homes in New Bern had an average of 56 days on market in Apr 2024, up by 70.9% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 118 homes were sold in New Bern; 64% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.