Is Gilmer Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gilmer Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Gilmer Township has remained a Seller's Market.

Key Takeaway

Gilmer Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$9,777(+4.8%)

Key Takeaway

Homes in Gilmer Township have sold for 4.8% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $157.5K$150K
-4.8%
2 $133K$145K
+9.0%
3 $199.9K$215K
+7.5%
4 $300.2K$296.6K
-1.2%
5+ $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
+5.6%
Gilmer Township
+4.8%
Mc Leansville
+4.3%
Monroe Township
+2.1%
Jefferson Township
+1.1%

Housing Supply in Gilmer Township, NC

How many homes are available in Gilmer Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
241231-4.1%

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

# BEDSApr 2024May 2024CHANGE
1 43
-25.0%
2 5148
-5.9%
3 110115
+4.5%
4 6859
-13.2%
5+ 86
-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 2024May 2024CHANGE
7563-16.0%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gilmer Township, you may be able to get a good deal. 39.7% of homes here sold below asking price last month.

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 2023May 2024CHANGE
19 Days29 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Gilmer Township, NC

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