$13,000
Land
Listing Office: NextHome Blue Skies
Is Granite Falls, 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, 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
$262,500
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,500(-2.4%)
Key Takeaway
Homes in Granite Falls have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Granite Falls was $262,500 in November 2024, down 2.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $137.5K | $189.5K | +37.8% |
| 3 Bedrooms | $275K | $267.5K | -2.7% |
| 4 Bedrooms | $410K | $522.5K | +27.4% |
| 5+ Bedrooms | $525K | $542.5K | +3.3% |
Summary: Granite Falls 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 increased by 37.8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Hickory | $280K | $295K | +5.4% |
| Lovelady Township | $285K | $299.9K | +5.2% |
| Granite Falls | $269K | $262.5K | -2.4% |
Housing Supply in Granite Falls, NC
How many homes are available in Granite Falls, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 65 | -11.0% |
Summary: The Granite Falls real estate market had 65 homes for sale in November 2024, a 11.0% 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 | 14 | 13 | -7.1% |
| 3 Bedrooms | 49 | 40 | -18.4% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Granite Falls 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 7.1%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 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. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Granite Falls in November 2024, down by 28.6% month-over-month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 56 Days | +184.1% |
Summary: Homes in Granite Falls had an average of 56 days on market in Nov 2024, up by 184.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 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 November 2024, 15 homes were sold in Granite Falls; 33% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.