Is Trent Woods, 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, Trent Woods has remained a Seller's Market.
Key Takeaway
Trent Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trent Woods, NC
How much do homes in Trent Woods, NC cost?
Median Sold Price
$407,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Trent Woods have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Trent Woods was $407,500 in May 2024, up 10.7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $260K | +33.3% |
| 3 Bedrooms | $272.5K | $346.2K | +27.1% |
| 4 Bedrooms | $470K | $462.5K | -1.6% |
| 5+ Bedrooms | $475K | $598.5K | +26.0% |
Summary: Trent Woods housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 27.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 26%.
Median Sold Price Compared To Nearby Cities
| Trent Woods | $368K | $407.5K | +10.7% |
| New Bern | $290K | $308.9K | +6.5% |
Housing Supply in Trent Woods, NC
How many homes are available in Trent Woods, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The Trent Woods real estate market had 25 homes for sale in May 2024, a 8.7% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Trent Woods 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trent Woods, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Trent Woods in May 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Trent Woods, NC
How long does it take to sell a home in Trent Woods, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 98 Days | +139.8% |
Summary: Homes in Trent Woods had an average of 98 days on market in May 2024, up by 139.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Trent Woods are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Trent Woods; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
