$3,681 Closing Credit*
$310,000
1,929 SqFt
3 Beds
•2 Full Baths
#100476920, Listing Office: First Carolina Realtors
Is New Bern, 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, New Bern has remained a Seller's Market.
Key Takeaway
New Bern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Bern, NC
How much do homes in New Bern, NC cost?
Median Sold Price
$319,558
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,027(+6.3%)
Key Takeaway
Homes in New Bern have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in New Bern was $319,558 in October 2024, up 6.3% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $242.5K | -4.9% |
| 2 Bedrooms | $177.5K | $192K | +8.2% |
| 3 Bedrooms | $284.8K | $299.9K | +5.3% |
| 4 Bedrooms | $349.9K | $375K | +7.1% |
| 5+ Bedrooms | $426K | $450.5K | +5.8% |
Summary: New Bern housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
| New Bern | $300.5K | $319.5K | +6.3% |
| Trent Woods | $402.5K | $425K | +5.6% |
Housing Supply in New Bern, NC
How many homes are available in New Bern, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 506 | 491 | -3.0% |
Summary: The New Bern real estate market had 491 homes for sale in October 2024, a 3.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 38 | 44 | +15.8% |
| 3 Bedrooms | 292 | 282 | -3.4% |
| 4 Bedrooms | 138 | 136 | -1.4% |
| 5+ Bedrooms | 31 | 24 | -22.6% |
Summary: The New Bern housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 22.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 114 | +18.8% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Bern, you may be able to get a good deal. 51.8% of homes here sold below asking price last month.
Summary: A total of 114 homes were sold or pending in New Bern in October 2024, up by 18.8% month-over-month. Of the 114 sold homes, 52% were sold under asking, 32% were sold at asking, and 17% were sold over asking.
Days on Market for New Bern, NC
How long does it take to sell a home in New Bern, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 58 Days | +56.0% |
Summary: Homes in New Bern had an average of 58 days on market in Oct 2024, up by 56% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Bern are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 114 homes were sold in New Bern; 51% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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