Is Germanton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Germanton was a Neutral Market.
Key Takeaway
Germanton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Germanton, NC
How much do homes in Germanton, NC cost?
Median Sold Price
$289,950
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Germanton have sold for 23.4% more than they did a year ago.
Summary: The median home sold price in Germanton was $289,950 in April 2024, up 23.4% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86.7K | - | N/A |
| 2 Bedrooms | $192.5K | $234.9K | +22.1% |
| 3 Bedrooms | $253K | $309.9K | +22.5% |
| 4 Bedrooms | $194.2K | $485K | +149.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Germanton 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 22.1%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 149.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Germanton | $235K | $289.9K | +23.4% |
| Sauratown Township | $209.9K | $212.5K | +1.2% |
| Salem Chapel Township | $270K | $265K | -1.9% |
| Yadkin Township | $290K | $268.9K | -7.3% |
Housing Supply in Germanton, NC
How many homes are available in Germanton, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Germanton real estate market had 7 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Germanton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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.
Summary: A total of 2 homes were sold or pending in Germanton in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Germanton, NC
How long does it take to sell a home in Germanton, NC?
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
Key Takeaway
Many homes in Germanton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Germanton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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