Is Greensboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$276,276
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Greensboro have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Greensboro was $276,276 in April 2024, up 4.2% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.2K | $147.5K | +1.6% |
| 2 Bedrooms | $160.1K | $180K | +12.4% |
| 3 Bedrooms | $249.9K | $260K | +4.0% |
| 4 Bedrooms | $387K | $404K | +4.4% |
| 5+ Bedrooms | $517.6K | $585K | +13.0% |
Summary: Greensboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Morehead Township | $273.1K | $293.5K | +7.5% |
| Gilmer Township | $200K | $212.5K | +6.3% |
| Greensboro | $265K | $276.2K | +4.2% |
| Center Grove Township | $625K | $632K | +1.1% |
| Monroe Township | $374.9K | $378.2K | +0.9% |
Housing Supply in Greensboro, NC
How many homes are available in Greensboro, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,036 | 1,073 | +3.6% |
Summary: The Greensboro real estate market had 1,073 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 209 | 206 | -1.4% |
| 3 Bedrooms | 485 | 501 | +3.3% |
| 4 Bedrooms | 269 | 284 | +5.6% |
| 5+ Bedrooms | 66 | 72 | +9.1% |
Summary: The Greensboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 300 | 317 | +5.7% |
Asking Price vs. Sold Price
132 Homes Were Sold
Under Asking
89 Homes Were Sold
At Asking
96 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greensboro, you may be able to get a good deal. 41.6% of homes here sold below asking price last month.
Summary: A total of 317 homes were sold or pending in Greensboro in April 2024, up by 5.7% month-over-month. Of the 317 sold homes, 42% were sold under asking, 28% were sold at asking, and 30% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 25 Days | -3.4% |
Summary: Homes in Greensboro had an average of 25 days on market in Apr 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
242 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
31 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 April 2024, 317 homes were sold in Greensboro; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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