Is Gibsonville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gibsonville has remained a Seller's Market.
Housing Prices in Gibsonville, NC
How much do homes in Gibsonville, NC cost?
Median Sold Price
$321,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gibsonville was $321,000 in May 2024, up 9% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $62.5K | -34.9% |
2 Bedrooms | $307K | $325K | +5.9% |
3 Bedrooms | $270K | $295.5K | +9.4% |
4 Bedrooms | $372.5K | $356K | -4.4% |
5+ Bedrooms | $560K | $362.7K | -35.2% |
Summary: Gibsonville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.9%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 35.2%.
Median Sold Price Compared To Nearby Cities
Gibsonville | $294.5K | $321K | +9.0% |
Elon | $350K | $365K | +4.3% |
Rock Creek Township | $319K | $331.3K | +3.9% |
Whitsett | $324.9K | $326K | 0.3% |
Burlington | $270K | $264.9K | -1.9% |
Housing Supply in Gibsonville, NC
How many homes are available in Gibsonville, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 66 | -13.2% |
Summary: The Gibsonville real estate market had 66 homes for sale in May 2024, a 13.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 9 | -30.8% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 32 | 26 | -18.8% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Gibsonville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 16 | -38.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Gibsonville in May 2024, down by 38.5% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 40 Days | +109.5% |
Summary: Homes in Gibsonville had an average of 40 days on market in May 2024, up by 109.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Gibsonville; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.