Is Germanton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Germanton is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Germanton was a Seller's Market.

Key Takeaway

Germanton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Germanton, NC

How much do homes in Germanton, NC cost?

Median Sold Price

$300,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,000(+25.0%)

Key Takeaway

Homes in Germanton have sold for 25% more than they did a year ago.

Summary: The median home sold price in Germanton was $300,000 in October 2024, up 25% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130K-
N/A
2 $230K$234.9K
+2.2%
3 $250K$315K
+26.0%
4 $194.2K$485K
+149.7%
5+ -$300K
N/A

Summary: Germanton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 26%, 4 bedroom homes increased by 149.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Meadows Township
+26.7%
Germanton
+25.0%
Sauratown Township
+16.5%
Salem Chapel Township
+12.0%
Yadkin Township
+1.7%

Housing Supply in Germanton, NC

How many homes are available in Germanton, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89+12.5%

Summary: The Germanton real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 88
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Germanton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Germanton, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Germanton in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Germanton, NC

How long does it take to sell a home in Germanton, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days4 Days-91.9%

Summary: Homes in Germanton had an average of 4 days on market in Oct 2024, down by 91.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Germanton are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Germanton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Germanton, NC

Nearby Markets to Germanton, NC

What housing markets are near Germanton, NC?