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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Germanton is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Germanton has remained a Seller's Market.

Key Takeaway

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

How much do homes in Germanton, NC cost?

Median Sold Price

$177,000

$142/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

-$62,000(-25.9%)

Key Takeaway

Homes in Germanton have sold for 25.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 $192.5K-
N/A
3 $253K$177K
-30.0%
4 --
N/A
5+ --
N/A

How many homes are available in Germanton, NC?

Number of Homes For Sale

Sep 2022Oct 2022%
128-33.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 20
-100.0%
3 86
-25.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Germanton, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Sep 2022Oct 2022%
11 Days28 Days+155.2%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Germanton, NC

Germanton, NC has 8 homes for sale to choose from. The number of listings in Germanton, NC decreased by 33.3% between September 2022 and October 2022. In October 2022, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $177,000. This housing market listing prices have changed between October 2021 and October 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went down by 30%, the cost of 4 bedrooms properties went up by 0%, prices of 5 bedrooms properties increased by 0%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 100%, 3 bedrooms homes became 25% less available, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes stayed the same. In October 2022 more than 1 listings in Germanton, NC were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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