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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forsyth County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Forsyth County, NC

How much do homes in Forsyth County, NC cost?

Median Sold Price

$299,981

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,736(+2.6%)

Key Takeaway

Homes in Forsyth County have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Forsyth County was $299,981 in November 2024, up 2.6% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $120K$134K
+11.7%
2 $175K$195K
+11.4%
3 $279.7K$289.9K
+3.6%
4 $413.7K$428.2K
+3.5%
5+ $501.2K$557K
+11.1%

Summary: Forsyth County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Counties

Yadkin County
+12.5%
Stokes County
+9.2%
Davie County
+7.9%
Davidson County
+3.6%
Forsyth County
+2.6%

Housing Supply in Forsyth County, NC

How many homes are available in Forsyth County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,7451,704-2.3%

Summary: The Forsyth County real estate market had 1,704 homes for sale in November 2024, a 2.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1511
-26.7%
2 262263
0.4%
3 931895
-3.9%
4 423426
+0.7%
5+ 114109
-4.4%

Summary: The Forsyth County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 26.7%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 4.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
407375-7.9%

Asking Price vs. Sold Price

198 Homes Were Sold
Under Asking

79 Homes Were Sold
At Asking

98 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forsyth County, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.

Summary: A total of 375 homes were sold or pending in Forsyth County in November 2024, down by 7.9% month-over-month. Of the 375 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% 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

Nov 2023Nov 2024CHANGE
27 Days34 Days+25.6%

Summary: Homes in Forsyth County had an average of 34 days on market in Nov 2024, up by 25.6% compared to last year.

Breakdown of Home Sale Times

237 Homes Were Sold
Under 30 Days

98 Homes Were Sold
In 30 - 90 Days

40 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 375 homes were sold in Forsyth County; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% 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 17 Days Ago

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