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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Surry County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Surry County, NC

How much do homes in Surry County, NC cost?

Median Sold Price

$250,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,150(+11.2%)

Key Takeaway

Homes in Surry County have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Surry County was $250,000 in October 2024, up 11.2% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$162K
+20.0%
2 $170K$185K
+8.8%
3 $235.3K$260K
+10.5%
4 $325K$389.9K
+20.0%
5+ $389K$362K
-6.9%

Summary: Surry County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 6.9%.

Median Sold Price Compared To Nearby Counties

Yadkin County
+13.4%
Alleghany County
+12.9%
Surry County
+11.2%
Stokes County
+9.9%

Housing Supply in Surry County, NC

How many homes are available in Surry County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
232240+3.4%

Summary: The Surry County real estate market had 240 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 74
-42.9%
2 4860
+25.0%
3 133130
-2.3%
4 3636
0.0%
5+ 810
+25.0%

Summary: The Surry County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4643-6.5%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Surry County, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in Surry County in October 2024, down by 6.5% month-over-month. Of the 43 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for Surry County, NC

How long does it take to sell a home in Surry County, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days40 Days+55.1%

Summary: Homes in Surry County had an average of 40 days on market in Oct 2024, up by 55.1% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 43 homes were sold in Surry County; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

Newest Listings in Surry County, NC

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