$2,233 Closing Credit*
$188,000
1,266 SqFt
2 Beds
•2 Full Baths
Stephanie Sinkler, Listing Office: Berkshire Hathaway HomeServices Yost & Little Realty
Is Greensboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$285,178
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$15,188(+5.6%)
Key Takeaway
Homes in Greensboro have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Greensboro was $285,178 in December 2024, up 5.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $144.9K | -8.3% |
| 2 Bedrooms | $175.1K | $180.6K | +3.2% |
| 3 Bedrooms | $254.8K | $270.1K | +6.0% |
| 4 Bedrooms | $409.2K | $399K | -2.5% |
| 5+ Bedrooms | $575.5K | $556.5K | -3.3% |
Summary: Greensboro housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Gilmer Township | $209.9K | $229.9K | +9.5% |
| Greensboro | $269.9K | $285.1K | +5.6% |
| Morehead Township | $285K | $299.8K | +5.2% |
| Monroe Township | $375.7K | $395.2K | +5.2% |
| Center Grove Township | $635K | $604K | -4.9% |
Housing Supply in Greensboro, NC
How many homes are available in Greensboro, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1,143 | 1,045 | -8.6% |
Summary: The Greensboro real estate market had 1,045 homes for sale in December 2024, a 8.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 201 | 183 | -9.0% |
| 3 Bedrooms | 544 | 486 | -10.7% |
| 4 Bedrooms | 318 | 303 | -4.7% |
| 5+ Bedrooms | 71 | 65 | -8.5% |
Summary: The Greensboro housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 9%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 8.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 274 | 266 | -2.9% |
Asking Price vs. Sold Price
148 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greensboro, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 266 homes were sold or pending in Greensboro in December 2024, down by 2.9% month-over-month. Of the 266 sold homes, 56% were sold under asking, 23% were sold at asking, and 22% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +14.1% |
Summary: Homes in Greensboro had an average of 29 days on market in Dec 2024, up by 14.1% compared to last year.
Breakdown of Home Sale Times
184 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
25 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 December 2024, 266 homes were sold in Greensboro; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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