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 October 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

$294,969

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,474(+3.7%)

Key Takeaway

Homes in Guilford County have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Guilford County was $294,969 in October 2024, up 3.7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $148.7K$139.9K
-5.9%
2 $169.8K$180K
+6.0%
3 $264.8K$275K
+3.8%
4 $416.9K$425K
+1.9%
5+ $494.2K$510K
+3.2%

Summary: Guilford County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Counties

Rockingham County
+13.1%
Davidson County
+3.8%
Guilford County
+3.7%
Forsyth County
+3.4%
Alamance County
+2.2%

Housing Supply in Guilford County, NC

How many homes are available in Guilford County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2,0892,226+6.6%

Summary: The Guilford County real estate market had 2,226 homes for sale in October 2024, a 6.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1618
+12.5%
2 329343
+4.3%
3 9681,063
+9.8%
4 660664
+0.6%
5+ 116138
+19.0%

Summary: The Guilford County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
455530+16.5%

Asking Price vs. Sold Price

251 Homes Were Sold
Under Asking

151 Homes Were Sold
At Asking

128 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. 47.4% of homes here sold below asking price last month.

Summary: A total of 530 homes were sold or pending in Guilford County in October 2024, up by 16.5% month-over-month. Of the 530 sold homes, 47% were sold under asking, 28% were sold at asking, and 24% 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

Oct 2023Oct 2024CHANGE
24 Days27 Days+14.0%

Summary: Homes in Guilford County had an average of 27 days on market in Oct 2024, up by 14% compared to last year.

Breakdown of Home Sale Times

371 Homes Were Sold
Under 30 Days

120 Homes Were Sold
In 30 - 90 Days

39 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 October 2024, 530 homes were sold in Guilford County; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Guilford County, NC

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