Is Germanton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Germanton is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Germanton was a Seller's Market.

Key Takeaway

Germanton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Germanton, NC

How much do homes in Germanton, NC cost?

Median Sold Price

$309,900

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$68,900(+28.6%)

Key Takeaway

Homes in Germanton have sold for 28.6% more than they did a year ago.

Summary: The median home sold price in Germanton was $309,900 in May 2024, up 28.6% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $130K-
N/A
2 $200K$234.9K
+17.5%
3 $253K$314.2K
+24.2%
4 $194.2K$485K
+149.7%
5+ --
N/A

Summary: Germanton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 149.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Germanton
+28.6%
Salem Chapel Township
-0.3%
Yadkin Township
-6.9%

Housing Supply in Germanton, NC

How many homes are available in Germanton, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
770.0%

Summary: The Germanton real estate market had 7 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 55
0.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Germanton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Germanton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Germanton in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Germanton, NC

How long does it take to sell a home in Germanton, NC?

Average Sale Time

May 2023May 2024CHANGE
15 Days118 Days+649.2%

Summary: Homes in Germanton had an average of 118 days on market in May 2024, up by 649.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Germanton are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Germanton; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 6 Days Ago

Newest Listings in Germanton, NC

Nearby Markets to Germanton, NC

What housing markets are near Germanton, NC?