Is Greensboro, 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, Greensboro has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145.2K | $147.5K | +1.6% |
2 Bedrooms | $161.8K | $180.1K | +11.3% |
3 Bedrooms | $249.9K | $264.8K | +6.0% |
4 Bedrooms | $385K | $405.5K | +5.3% |
5+ Bedrooms | $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 | $270.6K | $294.7K | +8.9% |
Greensboro | $265K | $279.8K | +5.6% |
Gilmer Township | $205.2K | $214.9K | +4.8% |
Monroe Township | $375K | $382.8K | +2.1% |
Center Grove Township | $625K | $635K | +1.6% |
Housing Supply in Greensboro, NC
How many homes are available in Greensboro, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,090 | 1,110 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 209 | 196 | -6.2% |
3 Bedrooms | 508 | 540 | +6.3% |
4 Bedrooms | 291 | 294 | +1.0% |
5+ Bedrooms | 72 | 69 | -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 2024 | May 2024 | CHANGE |
---|---|---|
327 | 310 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 26 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
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.