Is Garner, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Garner has remained a Seller's Market.
Housing Prices in Garner, NC
How much do homes in Garner, NC cost?
Median Sold Price
$400,000
$191/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Garner was $400,000 in April 2024, the same as last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $279.5K | $289.7K | +3.6% |
3 Bedrooms | $351.9K | $365K | +3.7% |
4 Bedrooms | $461.7K | $445.3K | -3.6% |
5+ Bedrooms | $528.2K | $540K | +2.2% |
Summary: Garner housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
Swift Creek Township | $527.2K | $569.3K | +8.0% |
Raleigh | $414.8K | $430.1K | +3.7% |
Panther Branch Township | $440K | $455.2K | +3.5% |
Garner | $400K | $400K | 0.0% |
Saint Marys Township | $355.2K | $345.1K | -2.8% |
Housing Supply in Garner, NC
How many homes are available in Garner, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
182 | 192 | +5.5% |
Summary: The Garner real estate market had 192 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 108 | 107 | -0.9% |
4 Bedrooms | 52 | 53 | +1.9% |
5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The Garner housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 52 | +2.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Garner in April 2024, up by 2.0% month-over-month. Of the 52 sold homes, 54% were sold under asking, 27% were sold at asking, and 19% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
86 Days | 23 Days | -72.8% |
Summary: Homes in Garner had an average of 23 days on market in Apr 2024, down by 72.8% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in Garner; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.