Is Gilmer Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gilmer Township has remained a Seller's Market.
Housing Prices in Gilmer Township, NC
How much do homes in Gilmer Township, NC cost?
Median Sold Price
$214,999
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gilmer Township was $214,999 in May 2024, up 4.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157.5K | $150K | -4.8% |
2 Bedrooms | $133K | $145K | +9.0% |
3 Bedrooms | $199.9K | $215K | +7.5% |
4 Bedrooms | $300.2K | $296.6K | -1.2% |
5+ Bedrooms | $336.8K | $345K | +2.4% |
Summary: Gilmer Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Greensboro | $265K | $279.8K | +5.6% |
Gilmer Township | $205.2K | $214.9K | +4.8% |
Mc Leansville | $292.5K | $305K | +4.3% |
Monroe Township | $375K | $382.8K | +2.1% |
Jefferson Township | $267K | $270K | +1.1% |
Housing Supply in Gilmer Township, NC
How many homes are available in Gilmer Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
241 | 231 | -4.1% |
Summary: The Gilmer Township real estate market had 231 homes for sale in May 2024, a 4.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 51 | 48 | -5.9% |
3 Bedrooms | 110 | 115 | +4.5% |
4 Bedrooms | 68 | 59 | -13.2% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Gilmer Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 | 63 | -16.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Gilmer Township in May 2024, down by 16.0% month-over-month. Of the 63 sold homes, 40% were sold under asking, 24% were sold at asking, and 37% were sold over asking.
Days on Market for Gilmer Township, NC
How long does it take to sell a home in Gilmer Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 29 Days | +56.1% |
Summary: Homes in Gilmer Township had an average of 29 days on market in May 2024, up by 56.1% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 63 homes were sold in Gilmer Township; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.