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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garner is a seller's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

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

How much do homes in Garner, NC cost?

Median Sold Price

$373,505

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$63,555(+20.5%)

Key Takeaway

Homes in Garner have sold for 20.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $218K-
N/A
2 $225K$240K
+6.7%
3 $288.5K$345K
+19.6%
4 $382.2K$457.5K
+19.7%
5+ $485K$596K
+22.9%

Median Sold Price Compared To Nearby Cities

Garner
+20.5%
Saint Marys Township
+19.4%
Raleigh
+14.6%
Swift Creek Township
+8.3%
Panther Branch Township
+8.0%

How many homes are available in Garner, NC?

Number of Homes For Sale

Dec 2022Jan 2023%
9082-8.9%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 63
-50.0%
3 4644
-4.3%
4 3230
-6.3%
5+ 65
-16.7%

Number of Homes Sold

Dec 2022Jan 2023%
2617-34.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garner, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
8 Days51 Days+492.7%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Garner has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Garner, NC

Garner, NC has 82 homes for sale to choose from. The number of homes for sale in Garner, NC decreased by 8.9% between December 2022 and January 2023. Listings spent 51 days on the market in January 2023, and had a median list price of $373,505 during the same period. Listing prices have changed in this real estate market between December 2022 and January 2023: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 6.7%, 3 bedrooms properties became 19.6% more expensive, prices of 4 bedrooms properties increased by 19.7%, prices of 5 bedrooms properties went up by 22.9%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 50%, volume of 3 bedrooms homes went down by 4.3%, number of 4 bedrooms homes decreased by 6.3%, 5 bedrooms homes inventory decreased by 16.7%. Garner, NC housing market in January 2023 saw over 0 listings sold above listed price, more than 4 sold at listed price and over 13 sold below.

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