$4,393 Closing Credit*
$369,900
1,893 SqFt
3 Beds
•2 Full Baths, 1 Partial
Rod Al Haddad, Listing Office: Best Investment Realty
Is Garner, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Garner has remained a Seller's Market.
Key Takeaway
Garner is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garner, NC
How much do homes in Garner, NC cost?
Median Sold Price
$396,880
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$3,119(-0.8%)
Key Takeaway
Homes in Garner have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Garner was $396,880 in December 2024, down 0.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $219K | N/A |
| 2 Bedrooms | $295K | $244.2K | -17.2% |
| 3 Bedrooms | $360K | $369.9K | +2.8% |
| 4 Bedrooms | $449.9K | $460.5K | +2.3% |
| 5+ Bedrooms | $539.9K | $535K | -0.9% |
Summary: Garner housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Raleigh | $421.4K | $449.9K | +6.8% |
| Swift Creek Township | $546.7K | $582.5K | +6.5% |
| Saint Marys Township | $344.5K | $350K | +1.6% |
| Garner | $400K | $396.8K | -0.8% |
| Panther Branch Township | $450K | $440K | -2.2% |
Housing Supply in Garner, NC
How many homes are available in Garner, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 246 | 222 | -9.8% |
Summary: The Garner real estate market had 222 homes for sale in December 2024, a 9.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 132 | 113 | -14.4% |
| 4 Bedrooms | 73 | 69 | -5.5% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Garner housing inventory by bedroom type for December 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 14.4%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 50 | 59 | +18.0% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garner, you may be able to get a good deal. 61% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in Garner in December 2024, up by 18.0% month-over-month. Of the 59 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 68 Days | 46 Days | -31.8% |
Summary: Homes in Garner had an average of 46 days on market in Dec 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Garner are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 59 homes were sold in Garner; 46% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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