Is Garner, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Garner has remained a Seller's Market.
Housing Prices in Garner, NC
How much do homes in Garner, NC cost?
Median Sold Price
$400,000
$192/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Garner was $400,000 in May 2024, the same as last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $280K | N/A |
2 Bedrooms | $270K | $295K | +9.3% |
3 Bedrooms | $354.3K | $365.3K | +3.1% |
4 Bedrooms | $463.8K | $445.3K | -4.0% |
5+ Bedrooms | $526K | $540K | +2.7% |
Summary: Garner housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Raleigh | $413.5K | $432.2K | +4.5% |
Swift Creek Township | $541.9K | $565.3K | +4.3% |
Panther Branch Township | $438.3K | $454.6K | +3.7% |
Garner | $400K | $400K | 0.0% |
Saint Marys Township | $352.5K | $345.5K | -2.0% |
Housing Supply in Garner, NC
How many homes are available in Garner, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
216 | 208 | -3.7% |
Summary: The Garner real estate market had 208 homes for sale in May 2024, a 3.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 120 | 117 | -2.5% |
4 Bedrooms | 62 | 61 | -1.6% |
5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Garner housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 52 | -10.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Garner in May 2024, down by 10.3% month-over-month. Of the 52 sold homes, 44% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for Garner, NC
How long does it take to sell a home in Garner, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
81 Days | 18 Days | -77.8% |
Summary: Homes in Garner had an average of 18 days on market in May 2024, down by 77.8% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in Garner; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.