Is Granite Falls, 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, Granite Falls has remained a Seller's Market.
Housing Prices in Granite Falls, NC
How much do homes in Granite Falls, NC cost?
Median Sold Price
$260,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Granite Falls was $260,000 in May 2024, up 2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $165K | -10.8% |
2 Bedrooms | $169.2K | $165K | -2.5% |
3 Bedrooms | $267.5K | $267K | -0.2% |
4 Bedrooms | $462.5K | $557.5K | +20.5% |
5+ Bedrooms | $325K | $677.5K | +108.5% |
Summary: Granite Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 108.5%.
Median Sold Price Compared To Nearby Cities
Hickory | $259K | $289.3K | +11.7% |
Lovelady Township | $272K | $289.5K | +6.4% |
Granite Falls | $255K | $260K | +2.0% |
Housing Supply in Granite Falls, NC
How many homes are available in Granite Falls, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 64 | +1.6% |
Summary: The Granite Falls real estate market had 64 homes for sale in May 2024, a 1.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 11 | -26.7% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Granite Falls 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 26.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 15 | -21.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Granite Falls in May 2024, down by 21.1% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 35 Days | +36.6% |
Summary: Homes in Granite Falls had an average of 35 days on market in May 2024, up by 36.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Granite Falls; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.