Is Gilmer Township, 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, 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
$212,520
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gilmer Township was $212,520 in April 2024, up 6.3% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $145K | -9.4% |
2 Bedrooms | $133K | $145K | +9.0% |
3 Bedrooms | $194.2K | $215K | +10.7% |
4 Bedrooms | $299.9K | $292.5K | -2.5% |
5+ Bedrooms | $337.3K | $343.5K | +1.8% |
Summary: Gilmer Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
Gilmer Township | $200K | $212.5K | +6.3% |
Greensboro | $265K | $276.2K | +4.2% |
Mc Leansville | $292.5K | $299.9K | +2.6% |
Monroe Township | $374.9K | $378.2K | +0.9% |
Jefferson Township | $267K | $264.5K | -0.9% |
Housing Supply in Gilmer Township, NC
How many homes are available in Gilmer Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
241 | 227 | -5.8% |
Summary: The Gilmer Township real estate market had 227 homes for sale in April 2024, a 5.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 44 | 49 | +11.4% |
3 Bedrooms | 121 | 105 | -13.2% |
4 Bedrooms | 66 | 63 | -4.5% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Gilmer Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 11.4%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 73 | +10.6% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in Gilmer Township in April 2024, up by 10.6% month-over-month. Of the 73 sold homes, 41% were sold under asking, 34% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 29 Days | +14.3% |
Summary: Homes in Gilmer Township had an average of 29 days on market in Apr 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 73 homes were sold in Gilmer Township; 71% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.