$3,503 Closing Credit*
$295,000
1,504 SqFt
3 Beds
•2 Full Baths
Dorothy Rainey, Listing Office: Choice Residential Real Estate
Is Garner, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$399,955
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$44(0%)
Key Takeaway
The sold price of homes in Garner has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $249.5K | N/A |
| 2 Bedrooms | $267.5K | $267.4K | 0% |
| 3 Bedrooms | $359.8K | $370K | +2.8% |
| 4 Bedrooms | $450K | $459.5K | +2.1% |
| 5+ Bedrooms | $531.2K | $540K | +1.7% |
Summary: Garner housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Swift Creek Township | $532.8K | $592K | +11.1% |
| Raleigh | $416.2K | $448.4K | +7.7% |
| Saint Marys Township | $342.1K | $350K | +2.3% |
| Garner | $400K | $399.9K | 0% |
| Panther Branch Township | $446.7K | $444.2K | -0.5% |
Housing Supply in Garner, NC
How many homes are available in Garner, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 281 | 247 | -12.1% |
Summary: The Garner real estate market had 247 homes for sale in November 2024, a 12.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 143 | 132 | -7.7% |
| 4 Bedrooms | 87 | 75 | -13.8% |
| 5+ Bedrooms | 32 | 24 | -25.0% |
Summary: The Garner housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 47 | -27.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garner, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Garner in November 2024, down by 27.7% month-over-month. Of the 47 sold homes, 62% were sold under asking, 28% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 79 Days | 36 Days | -54.4% |
Summary: Homes in Garner had an average of 36 days on market in Nov 2024, down by 54.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 47 homes were sold in Garner; 53% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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