$4,334 Closing Credit*
$365,000
1,530 SqFt
3 Beds
•2 Full Baths
Caroline Walker, Listing Office: Triad's Finest Real Estate by eXp Realty
Is Greensboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Greensboro has remained a Seller's Market.
Key Takeaway
Greensboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greensboro, NC
How much do homes in Greensboro, NC cost?
Median Sold Price
$281,173
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,466(+4.3%)
Key Takeaway
Homes in Greensboro have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Greensboro was $281,173 in October 2024, up 4.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $145K | -8.8% |
| 2 Bedrooms | $174.2K | $179.6K | +3.1% |
| 3 Bedrooms | $254.9K | $268.7K | +5.4% |
| 4 Bedrooms | $399.3K | $400K | 0.2% |
| 5+ Bedrooms | $545K | $563.5K | +3.4% |
Summary: Greensboro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Morehead Township | $280.3K | $299.9K | +7.0% |
| Gilmer Township | $209.9K | $222K | +5.7% |
| Greensboro | $269.7K | $281.1K | +4.3% |
| Monroe Township | $379.1K | $392.9K | +3.7% |
| Center Grove Township | $628.9K | $629K | 0.0% |
Housing Supply in Greensboro, NC
How many homes are available in Greensboro, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,113 | 1,203 | +8.1% |
Summary: The Greensboro real estate market had 1,203 homes for sale in October 2024, a 8.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 184 | 203 | +10.3% |
| 3 Bedrooms | 537 | 587 | +9.3% |
| 4 Bedrooms | 321 | 329 | +2.5% |
| 5+ Bedrooms | 62 | 73 | +17.7% |
Summary: The Greensboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 17.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 265 | 297 | +12.1% |
Asking Price vs. Sold Price
136 Homes Were Sold
Under Asking
94 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greensboro, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 297 homes were sold or pending in Greensboro in October 2024, up by 12.1% month-over-month. Of the 297 sold homes, 46% were sold under asking, 32% were sold at asking, and 23% were sold over asking.
Days on Market for Greensboro, NC
How long does it take to sell a home in Greensboro, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 24 Days | +12.2% |
Summary: Homes in Greensboro had an average of 24 days on market in Oct 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
219 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greensboro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 297 homes were sold in Greensboro; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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