Is Gibsonville, 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, Gibsonville has remained a Seller's Market.
Key Takeaway
Gibsonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gibsonville, NC
How much do homes in Gibsonville, NC cost?
Median Sold Price
$315,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gibsonville have sold for 5% more than they did a year ago.
Summary: The median home sold price in Gibsonville was $315,000 in April 2024, up 5% 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 | $96K | $62.5K | -34.9% |
| 2 Bedrooms | $307.2K | $307.5K | 0.1% |
| 3 Bedrooms | $276K | $293.8K | +6.5% |
| 4 Bedrooms | $355K | $360K | +1.4% |
| 5+ Bedrooms | $490K | $362.7K | -26.0% |
Summary: Gibsonville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.9%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 26%.
Median Sold Price Compared To Nearby Cities
| Gibsonville | $300K | $315K | +5.0% |
| Rock Creek Township | $319.4K | $325.9K | +2.1% |
| Whitsett | $325K | $325K | 0% |
| Elon | $365K | $365K | 0.0% |
| Burlington | $270.5K | $264.5K | -2.2% |
Housing Supply in Gibsonville, NC
How many homes are available in Gibsonville, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 86 | 77 | -10.5% |
Summary: The Gibsonville real estate market had 77 homes for sale in April 2024, a 10.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 41 | 33 | -19.5% |
| 5+ Bedrooms | 12 | 6 | -50.0% |
Summary: The Gibsonville 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 9.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gibsonville, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Gibsonville in April 2024, up by 12.0% month-over-month. Of the 28 sold homes, 57% were sold under asking, 32% were sold at asking, and 11% were sold over asking.
Days on Market for Gibsonville, NC
How long does it take to sell a home in Gibsonville, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 51 Days | -17.9% |
Summary: Homes in Gibsonville had an average of 51 days on market in Apr 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gibsonville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Gibsonville; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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