Is Guilford County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Guilford County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Guilford County has remained a Seller's Market.

Key Takeaway

Guilford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$8,516(+3.0%)

Key Takeaway

Homes in Guilford County have sold for 3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $138K$139.9K
+1.4%
2 $160K$180K
+12.5%
3 $259.8K$273.1K
+5.1%
4 $409.4K$424.3K
+3.7%
5+ $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
+5.1%
Rockingham County
+4.4%
Forsyth County
+3.3%
Guilford County
+3.0%
Alamance County
-1.0%

Housing Supply in Guilford County, NC

How many homes are available in Guilford County, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2,0682,080+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

# BEDSApr 2024May 2024CHANGE
1 1114
+27.3%
2 335323
-3.6%
3 963987
+2.5%
4 648644
-0.6%
5+ 111112
+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 2024May 2024CHANGE
603579-4.0%

Asking Price vs. Sold Price

267 Homes Were Sold
Under Asking

138 Homes Were Sold
At Asking

174 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Guilford County, you may be able to get a good deal. 46.1% of homes here sold below asking price last month.

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 2023May 2024CHANGE
25 Days30 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

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