Is Cramerton, 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, Cramerton has remained a Seller's Market.
Key Takeaway
Cramerton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cramerton, NC
How much do homes in Cramerton, NC cost?
Median Sold Price
$345,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cramerton have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Cramerton was $345,000 in April 2024, down 3.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191K | $120K | -37.2% |
| 2 Bedrooms | $244.2K | $254.9K | +4.4% |
| 3 Bedrooms | $372.5K | $351.5K | -5.6% |
| 4 Bedrooms | $625K | $518.5K | -17.0% |
| 5+ Bedrooms | $512.4K | $765K | +49.3% |
Summary: Cramerton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.2%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 49.3%.
Median Sold Price Compared To Nearby Cities
| South Point Township | $374.9K | $375.2K | 0.1% |
| Cramerton | $358.5K | $345K | -3.8% |
| Belmont | $440K | $418K | -5.0% |
Housing Supply in Cramerton, NC
How many homes are available in Cramerton, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 37 | +23.3% |
Summary: The Cramerton real estate market had 37 homes for sale in April 2024, a 23.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Cramerton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cramerton, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Cramerton in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Cramerton, NC
How long does it take to sell a home in Cramerton, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 30 Days | +12.5% |
Summary: Homes in Cramerton had an average of 30 days on market in Apr 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cramerton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Cramerton; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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