Is Gilmer Township, 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, Gilmer Township has remained a Seller's Market.
Housing Prices in Gilmer Township, NC
How much do homes in Gilmer Township, NC cost?
Median Sold Price
$214,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gilmer Township was $214,000 in March 2024, up 12.3% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157.5K | $158K | 0.3% |
2 Bedrooms | $130.9K | $145K | +10.8% |
3 Bedrooms | $189.8K | $215K | +13.2% |
4 Bedrooms | $291K | $290K | -0.3% |
5+ Bedrooms | $332K | $345.9K | +4.2% |
Summary: Gilmer Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Gilmer Township | $190.6K | $214K | +12.3% |
Greensboro | $249.9K | $275K | +10.0% |
Mc Leansville | $280K | $300K | +7.1% |
Jefferson Township | $261.1K | $270K | +3.4% |
Monroe Township | $374.9K | $378.6K | +1.0% |
Housing Supply in Gilmer Township, NC
How many homes are available in Gilmer Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
235 | 236 | 0.4% |
Summary: The Gilmer Township real estate market had 236 homes for sale in March 2024, a 0.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 40 | 44 | +10.0% |
3 Bedrooms | 123 | 119 | -3.3% |
4 Bedrooms | 62 | 63 | +1.6% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Gilmer Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 66 | +3.1% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Gilmer Township in March 2024, up by 3.1% month-over-month. Of the 66 sold homes, 52% were sold under asking, 17% were sold at asking, and 32% were sold over asking.
Days on Market for Gilmer Township, NC
How long does it take to sell a home in Gilmer Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 30 Days | -24.5% |
Summary: Homes in Gilmer Township had an average of 30 days on market in Mar 2024, down by 24.5% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 66 homes were sold in Gilmer Township; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.