Is Greensboro, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greensboro is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Greensboro has remained a Seller's Market.

Key Takeaway

Greensboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greensboro, NC

How much do homes in Greensboro, NC cost?

Median Sold Price

$279,804

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,776(+5.6%)

Key Takeaway

Homes in Greensboro have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Greensboro was $279,804 in May 2024, up 5.6% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $145.2K$147.5K
+1.6%
2 $161.8K$180.1K
+11.3%
3 $249.9K$264.8K
+6.0%
4 $385K$405.5K
+5.3%
5+ $520K$587K
+12.9%

Summary: Greensboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Cities

Morehead Township
+8.9%
Greensboro
+5.6%
Gilmer Township
+4.8%
Monroe Township
+2.1%
Center Grove Township
+1.6%

Housing Supply in Greensboro, NC

How many homes are available in Greensboro, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,0901,110+1.8%

Summary: The Greensboro real estate market had 1,110 homes for sale in May 2024, a 1.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1011
+10.0%
2 209196
-6.2%
3 508540
+6.3%
4 291294
+1.0%
5+ 7269
-4.2%

Summary: The Greensboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 4.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
327310-5.2%

Asking Price vs. Sold Price

145 Homes Were Sold
Under Asking

63 Homes Were Sold
At Asking

102 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greensboro, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.

Summary: A total of 310 homes were sold or pending in Greensboro in May 2024, down by 5.2% month-over-month. Of the 310 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.

Days on Market for Greensboro, NC

How long does it take to sell a home in Greensboro, NC?

Average Sale Time

May 2023May 2024CHANGE
14 Days26 Days+79.3%

Summary: Homes in Greensboro had an average of 26 days on market in May 2024, up by 79.3% compared to last year.

Breakdown of Home Sale Times

225 Homes Were Sold
Under 30 Days

62 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greensboro are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 310 homes were sold in Greensboro; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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 1 Day Ago

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