Is New Bern, 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, New Bern has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257.5K | $229K | -11.1% |
2 Bedrooms | $170K | $192.2K | +13.1% |
3 Bedrooms | $270K | $294K | +8.9% |
4 Bedrooms | $338.9K | $362.1K | +6.8% |
5+ Bedrooms | $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 | $368K | $407.5K | +10.7% |
New Bern | $290K | $308.9K | +6.5% |
Housing Supply in New Bern, NC
How many homes are available in New Bern, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
513 | 531 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 43 | 34 | -20.9% |
3 Bedrooms | 293 | 310 | +5.8% |
4 Bedrooms | 140 | 149 | +6.4% |
5+ Bedrooms | 30 | 30 | 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 2024 | May 2024 | CHANGE |
---|---|---|
119 | 107 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 55 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
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.