Is New Bern, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Bern is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in New Bern, NC

How much do homes in New Bern, NC cost?

Median Sold Price

$308,936

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,936(+6.5%)

Key Takeaway

Homes in New Bern have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in New Bern was $308,936 in May 2024, up 6.5% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $257.5K$229K
-11.1%
2 $170K$192.2K
+13.1%
3 $270K$294K
+8.9%
4 $338.9K$362.1K
+6.8%
5+ $385.7K$434.2K
+12.6%

Summary: New Bern housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 12.6%.

Median Sold Price Compared To Nearby Cities

Trent Woods
+10.7%
New Bern
+6.5%

Housing Supply in New Bern, NC

How many homes are available in New Bern, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
513531+3.5%

Summary: The New Bern real estate market had 531 homes for sale in May 2024, a 3.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 78
+14.3%
2 4334
-20.9%
3 293310
+5.8%
4 140149
+6.4%
5+ 3030
0.0%

Summary: The New Bern housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 20.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
119107-10.1%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

46 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Bern, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.

Summary: A total of 107 homes were sold or pending in New Bern in May 2024, down by 10.1% month-over-month. Of the 107 sold homes, 44% were sold under asking, 43% were sold at asking, and 13% were sold over asking.

Days on Market for New Bern, NC

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

Average Sale Time

May 2023May 2024CHANGE
30 Days55 Days+82.1%

Summary: Homes in New Bern had an average of 55 days on market in May 2024, up by 82.1% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 107 homes were sold in New Bern; 61% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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

Newest Listings in New Bern, NC

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