Is Granite Falls, 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, Granite Falls has remained a Seller's Market.
Key Takeaway
Granite Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Granite Falls, NC
How much do homes in Granite Falls, NC cost?
Median Sold Price
$250,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Granite Falls have sold for 2% less than they did a year ago.
Summary: The median home sold price in Granite Falls was $250,000 in April 2024, down 2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $165K | -10.8% |
| 2 Bedrooms | $168.6K | $159.9K | -5.1% |
| 3 Bedrooms | $256K | $261K | +2.0% |
| 4 Bedrooms | $462.5K | $557.5K | +20.5% |
| 5+ Bedrooms | $325K | $677.5K | +108.5% |
Summary: Granite Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 108.5%.
Median Sold Price Compared To Nearby Cities
| Hickory | $257K | $286.8K | +11.6% |
| Lovelady Township | $272.6K | $283.2K | +3.9% |
| Granite Falls | $255K | $250K | -2.0% |
Housing Supply in Granite Falls, NC
How many homes are available in Granite Falls, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 63 | +12.5% |
Summary: The Granite Falls real estate market had 63 homes for sale in April 2024, a 12.5% 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 | 12 | 14 | +16.7% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Granite Falls 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 increased by 16.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Granite Falls, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Granite Falls in April 2024, up by 70.0% month-over-month. Of the 17 sold homes, 41% were sold under asking, 35% were sold at asking, and 24% were sold over asking.
Days on Market for Granite Falls, NC
How long does it take to sell a home in Granite Falls, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 82 Days | +243.4% |
Summary: Homes in Granite Falls had an average of 82 days on market in Apr 2024, up by 243.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Granite Falls has remained consistent over time.
Summary: During April 2024, 17 homes were sold in Granite Falls; 35% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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