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 April 2023

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.

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

+$18,896(+6.6%)

Key Takeaway

Homes in New Bern have sold for 6.6% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $238.4K$242K
+1.5%
2 $170K$192.5K
+13.2%
3 $266.7K$291.9K
+9.5%
4 $337.4K$360K
+6.7%
5+ $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
+8.2%
New Bern
+6.6%

Housing Supply in New Bern, NC

How many homes are available in New Bern, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
466488+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

# BEDSMar 2024Apr 2024CHANGE
1 88
0.0%
2 3643
+19.4%
3 269283
+5.2%
4 129128
-0.8%
5+ 2426
+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 2024Apr 2024CHANGE
88118+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Bern, you may be able to get a good deal. 53.4% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
33 Days56 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

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 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.

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

Report Updated 9 Days Ago

Newest Listings in New Bern, NC

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