Is Gibsonville, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gibsonville is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Gibsonville was a Neutral Market.

Key Takeaway

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

Housing Prices in Gibsonville, NC

How much do homes in Gibsonville, NC cost?

Median Sold Price

$334,900

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,400(+13.7%)

Key Takeaway

Homes in Gibsonville have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Gibsonville was $334,900 in November 2024, up 13.7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $96K$83.7K
-12.8%
2 $320K$307.5K
-3.9%
3 $280K$309.9K
+10.7%
4 $400K$354K
-11.5%
5+ $485K$364K
-24.9%

Summary: Gibsonville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 24.9%.

Median Sold Price Compared To Nearby Cities

Gibsonville
+13.7%
Rock Creek Township
+8.6%
Burlington
+3.9%
Whitsett
+3.4%
Elon
-0.1%

Housing Supply in Gibsonville, NC

How many homes are available in Gibsonville, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9078-13.3%

Summary: The Gibsonville real estate market had 78 homes for sale in November 2024, a 13.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2015
-25.0%
3 3933
-15.4%
4 2723
-14.8%
5+ 47
+75.0%

Summary: The Gibsonville 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 25%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2617-34.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gibsonville, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in Gibsonville in November 2024, down by 34.6% month-over-month. Of the 17 sold homes, 29% were sold under asking, 53% were sold at asking, and 18% were sold over asking.

Days on Market for Gibsonville, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days20 Days-62.2%

Summary: Homes in Gibsonville had an average of 20 days on market in Nov 2024, down by 62.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 17 homes were sold in Gibsonville; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Gibsonville, NC

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