Is Wilkes 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, Wilkes County has remained a Seller's Market.
Housing Prices in Wilkes County, NC
How much do homes in Wilkes County, NC cost?
Median Sold Price
$273,750
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wilkes County was $273,750 in May 2024, up 10.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $181K | $190K | +5.0% |
2 Bedrooms | $214K | $226.5K | +5.8% |
3 Bedrooms | $247.6K | $275K | +11.0% |
4 Bedrooms | $325K | $385K | +18.5% |
5+ Bedrooms | $369.9K | $490K | +32.5% |
Summary: Wilkes County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Counties
Wilkes County | $246.8K | $273.7K | +10.9% |
Surry County | $214.6K | $235.5K | +9.7% |
Alexander County | $261K | $275K | +5.4% |
Ashe County | $417.5K | $407.5K | -2.4% |
Housing Supply in Wilkes County, NC
How many homes are available in Wilkes County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
166 | 185 | +11.4% |
Summary: The Wilkes County real estate market had 185 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 35 | 39 | +11.4% |
3 Bedrooms | 92 | 101 | +9.8% |
4 Bedrooms | 23 | 29 | +26.1% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Wilkes County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 31 | +6.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Wilkes County in May 2024, up by 6.9% month-over-month. Of the 31 sold homes, 71% were sold under asking, 16% were sold at asking, and 13% were sold over asking.
Days on Market for Wilkes County, NC
How long does it take to sell a home in Wilkes County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 39 Days | +55.3% |
Summary: Homes in Wilkes County had an average of 39 days on market in May 2024, up by 55.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Wilkes County; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.