Is New Bern, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Bern is a seller's market

Buyer's
Market

Difference Since November 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

$320,062

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,747(+5.2%)

Key Takeaway

Homes in New Bern have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in New Bern was $320,062 in November 2024, up 5.2% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $252.5K$235K
-6.9%
2 $176.2K$192K
+8.9%
3 $285K$300K
+5.3%
4 $350K$375.3K
+7.2%
5+ $431.5K$455.5K
+5.6%

Summary: New Bern housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Cities

Trent Woods
+7.0%
New Bern
+5.2%

Housing Supply in New Bern, NC

How many homes are available in New Bern, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
500467-6.6%

Summary: The New Bern real estate market had 467 homes for sale in November 2024, a 6.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 4334
-20.9%
3 292278
-4.8%
4 135128
-5.2%
5+ 2522
-12.0%

Summary: The New Bern 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 20.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 12%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11797-17.1%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Bern, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Summary: A total of 97 homes were sold or pending in New Bern in November 2024, down by 17.1% month-over-month. Of the 97 sold homes, 58% were sold under asking, 30% were sold at asking, and 12% 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

Nov 2023Nov 2024CHANGE
30 Days49 Days+60.8%

Summary: Homes in New Bern had an average of 49 days on market in Nov 2024, up by 60.8% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 97 homes were sold in New Bern; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 15% 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 21 Days Ago

Newest Listings in New Bern, NC

Nearby Markets to New Bern, NC