Is Craven County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Craven County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Craven County, NC

How much do homes in Craven County, NC cost?

Median Sold Price

$303,740

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,013(+3.1%)

Key Takeaway

Homes in Craven County have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Craven County was $303,740 in November 2024, up 3.1% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $252.5K$227.5K
-9.9%
2 $170K$181.4K
+6.7%
3 $272K$290.6K
+6.9%
4 $348.5K$368K
+5.6%
5+ $444K$455.5K
+2.6%

Summary: Craven County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Counties

Pamlico County
+19.4%
Carteret County
+14.2%
Lenoir County
+5.9%
Craven County
+3.1%
Jones County
-0.7%

Housing Supply in Craven County, NC

How many homes are available in Craven County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
637581-8.8%

Summary: The Craven County real estate market had 581 homes for sale in November 2024, a 8.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 5545
-18.2%
3 386355
-8.0%
4 163152
-6.7%
5+ 2824
-14.3%

Summary: The Craven County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
151124-17.9%

Asking Price vs. Sold Price

72 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Craven County, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Summary: A total of 124 homes were sold or pending in Craven County in November 2024, down by 17.9% month-over-month. Of the 124 sold homes, 58% were sold under asking, 30% were sold at asking, and 12% were sold over asking.

Days on Market for Craven County, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days47 Days+69.5%

Summary: Homes in Craven County had an average of 47 days on market in Nov 2024, up by 69.5% compared to last year.

Breakdown of Home Sale Times

66 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 124 homes were sold in Craven County; 53% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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 21 Days Ago

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