Is Garner, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Garner, NC
How much do homes in Garner, NC cost?
Median Sold Price
$396,555
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Garner have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Garner was $396,555 in March 2024, down 1.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249.9K | $285K | +14.0% |
| 3 Bedrooms | $353.8K | $365K | +3.2% |
| 4 Bedrooms | $463.8K | $450K | -3.0% |
| 5+ Bedrooms | $529.9K | $539.9K | +1.9% |
Summary: Garner housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Swift Creek Township | $524.7K | $555.5K | +5.9% |
| Panther Branch Township | $439.9K | $452.6K | +2.9% |
| Raleigh | $415.5K | $425K | +2.3% |
| Garner | $401.4K | $396.5K | -1.2% |
| Saint Marys Township | $356.6K | $345K | -3.3% |
Housing Supply in Garner, NC
How many homes are available in Garner, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 192 | 180 | -6.3% |
Summary: The Garner real estate market had 180 homes for sale in March 2024, a 6.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 110 | 105 | -4.5% |
| 4 Bedrooms | 53 | 53 | 0.0% |
| 5+ Bedrooms | 17 | 13 | -23.5% |
Summary: The Garner housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 49 | -3.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garner, you may be able to get a good deal. 51% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Garner in March 2024, down by 3.9% month-over-month. Of the 49 sold homes, 51% were sold under asking, 31% were sold at asking, and 18% were sold over asking.
Days on Market for Garner, NC
How long does it take to sell a home in Garner, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 96 Days | 78 Days | -18.3% |
Summary: Homes in Garner had an average of 78 days on market in Mar 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Garner has remained consistent over time.
Summary: During March 2024, 49 homes were sold in Garner; 6% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.