Is Forsyth County, 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, Forsyth County has remained a Seller's Market.
Housing Prices in Forsyth County, NC
How much do homes in Forsyth County, NC cost?
Median Sold Price
$297,857
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Forsyth County was $297,857 in May 2024, up 3.3% 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 | $113K | $125K | +10.6% |
2 Bedrooms | $167.5K | $186.3K | +11.2% |
3 Bedrooms | $274.9K | $285K | +3.6% |
4 Bedrooms | $399.9K | $424.5K | +6.1% |
5+ Bedrooms | $497.4K | $565K | +13.6% |
Summary: Forsyth County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Counties
Yadkin County | $235.2K | $259.4K | +10.3% |
Davie County | $284.1K | $299.9K | +5.6% |
Davidson County | $259.9K | $273.2K | +5.1% |
Forsyth County | $288.3K | $297.8K | +3.3% |
Stokes County | $264.1K | $269K | +1.9% |
Housing Supply in Forsyth County, NC
How many homes are available in Forsyth County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,658 | 1,746 | +5.3% |
Summary: The Forsyth County real estate market had 1,746 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 20 | +11.1% |
2 Bedrooms | 250 | 255 | +2.0% |
3 Bedrooms | 904 | 967 | +7.0% |
4 Bedrooms | 388 | 401 | +3.4% |
5+ Bedrooms | 98 | 103 | +5.1% |
Summary: The Forsyth County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 5.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
462 | 475 | +2.8% |
Asking Price vs. Sold Price
205 Homes Were Sold
Under Asking
117 Homes Were Sold
At Asking
153 Homes Were Sold
Over Asking
Summary: A total of 475 homes were sold or pending in Forsyth County in May 2024, up by 2.8% month-over-month. Of the 475 sold homes, 43% were sold under asking, 25% were sold at asking, and 32% were sold over asking.
Days on Market for Forsyth County, NC
How long does it take to sell a home in Forsyth County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 30 Days | +24.8% |
Summary: Homes in Forsyth County had an average of 30 days on market in May 2024, up by 24.8% compared to last year.
Breakdown of Home Sale Times
334 Homes Were Sold
Under 30 Days
102 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During May 2024, 475 homes were sold in Forsyth County; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.