$699,970
20.29 Acres
Land
Barbara Mann, Listing Office: RE/MAX Realty Consultants
Is Greensboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$282,201
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$16,635(+6.3%)
Key Takeaway
Homes in Greensboro have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Greensboro was $282,201 in September 2024, up 6.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $147.5K | -7.2% |
| 2 Bedrooms | $169.6K | $180K | +6.1% |
| 3 Bedrooms | $252.1K | $268.9K | +6.7% |
| 4 Bedrooms | $394.6K | $402K | +1.9% |
| 5+ Bedrooms | $530K | $570K | +7.5% |
Summary: Greensboro housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Morehead Township | $278.1K | $299.9K | +7.8% |
| Greensboro | $265.5K | $282.2K | +6.3% |
| Gilmer Township | $207.4K | $219.8K | +6.0% |
| Monroe Township | $375K | $393.9K | +5.1% |
| Center Grove Township | $625.7K | $629K | 0.5% |
Housing Supply in Greensboro, NC
How many homes are available in Greensboro, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,136 | 1,138 | 0.2% |
Summary: The Greensboro real estate market had 1,138 homes for sale in September 2024, a 0.2% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 184 | 182 | -1.1% |
| 3 Bedrooms | 538 | 553 | +2.8% |
| 4 Bedrooms | 335 | 324 | -3.3% |
| 5+ Bedrooms | 69 | 70 | +1.4% |
Summary: The Greensboro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 317 | 256 | -19.2% |
Asking Price vs. Sold Price
135 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greensboro, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.
Summary: A total of 256 homes were sold or pending in Greensboro in September 2024, down by 19.2% month-over-month. Of the 256 sold homes, 53% were sold under asking, 30% were sold at asking, and 18% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 26 Days | 27 Days | +2.1% |
Summary: Homes in Greensboro had an average of 27 days on market in Sep 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
174 Homes Were Sold
Under 30 Days
64 Homes Were Sold
In 30 - 90 Days
18 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 September 2024, 256 homes were sold in Greensboro; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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