Is Guilford 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, Guilford County has remained a Seller's Market.
Housing Prices in Guilford County, NC
How much do homes in Guilford County, NC cost?
Median Sold Price
$291,675
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Guilford County was $291,675 in May 2024, up 3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138K | $139.9K | +1.4% |
2 Bedrooms | $160K | $180K | +12.5% |
3 Bedrooms | $259.8K | $273.1K | +5.1% |
4 Bedrooms | $409.4K | $424.3K | +3.7% |
5+ Bedrooms | $481.6K | $508.3K | +5.5% |
Summary: Guilford County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Counties
Davidson County | $259.9K | $273.2K | +5.1% |
Rockingham County | $189.9K | $198.2K | +4.4% |
Forsyth County | $288.3K | $297.8K | +3.3% |
Guilford County | $283.1K | $291.6K | +3.0% |
Alamance County | $319.6K | $316.5K | -1.0% |
Housing Supply in Guilford County, NC
How many homes are available in Guilford County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,068 | 2,080 | +0.6% |
Summary: The Guilford County real estate market had 2,080 homes for sale in May 2024, a 0.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 14 | +27.3% |
2 Bedrooms | 335 | 323 | -3.6% |
3 Bedrooms | 963 | 987 | +2.5% |
4 Bedrooms | 648 | 644 | -0.6% |
5+ Bedrooms | 111 | 112 | +0.9% |
Summary: The Guilford County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 0.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
603 | 579 | -4.0% |
Asking Price vs. Sold Price
267 Homes Were Sold
Under Asking
138 Homes Were Sold
At Asking
174 Homes Were Sold
Over Asking
Summary: A total of 579 homes were sold or pending in Guilford County in May 2024, down by 4.0% month-over-month. Of the 579 sold homes, 46% were sold under asking, 24% were sold at asking, and 30% were sold over asking.
Days on Market for Guilford County, NC
How long does it take to sell a home in Guilford County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 30 Days | +16.2% |
Summary: Homes in Guilford County had an average of 30 days on market in May 2024, up by 16.2% compared to last year.
Breakdown of Home Sale Times
404 Homes Were Sold
Under 30 Days
116 Homes Were Sold
In 30 - 90 Days
58 Homes Were Sold
Over 90 Days
Summary: During May 2024, 579 homes were sold in Guilford County; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.