$4,394 Closing Credit*
$369,990
2,011 SqFt
3 Beds
•2 Full Baths, 1 Partial
Crystal Mendenhall, Listing Office: Berkshire Hathaway HomeServices Carolinas Realty
Is Winston-Salem, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Winston-Salem has remained a Seller's Market.
Key Takeaway
Winston-Salem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Winston-Salem, NC
How much do homes in Winston-Salem, NC cost?
Median Sold Price
$268,244
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,298(+2.4%)
Key Takeaway
Homes in Winston-Salem have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Winston-Salem was $268,244 in November 2024, up 2.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.4K | $179.5K | +10.5% |
| 2 Bedrooms | $169.4K | $182.4K | +7.6% |
| 3 Bedrooms | $259.9K | $264.8K | +1.9% |
| 4 Bedrooms | $362.4K | $376.6K | +3.9% |
| 5+ Bedrooms | $498.5K | $622.5K | +24.9% |
Summary: Winston-Salem housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 24.9%.
Median Sold Price Compared To Nearby Cities
| Winston Township | $261.6K | $268.4K | +2.6% |
| Winston-Salem | $261.9K | $268.2K | +2.4% |
| Broadbay Township | $267.5K | $264K | -1.3% |
| South Fork Township | $312.7K | $299.9K | -4.1% |
| Middle Fork II Township | $370.7K | $340K | -8.3% |
Housing Supply in Winston-Salem, NC
How many homes are available in Winston-Salem, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 961 | 951 | -1.0% |
Summary: The Winston-Salem real estate market had 951 homes for sale in November 2024, a 1.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 188 | 193 | +2.7% |
| 3 Bedrooms | 488 | 480 | -1.6% |
| 4 Bedrooms | 216 | 214 | -0.9% |
| 5+ Bedrooms | 59 | 55 | -6.8% |
Summary: The Winston-Salem housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 6.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 234 | 210 | -10.3% |
Asking Price vs. Sold Price
111 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winston-Salem, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 210 homes were sold or pending in Winston-Salem in November 2024, down by 10.3% month-over-month. Of the 210 sold homes, 53% were sold under asking, 17% were sold at asking, and 30% were sold over asking.
Days on Market for Winston-Salem, NC
How long does it take to sell a home in Winston-Salem, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 32 Days | +29.7% |
Summary: Homes in Winston-Salem had an average of 32 days on market in Nov 2024, up by 29.7% compared to last year.
Breakdown of Home Sale Times
141 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Winston-Salem are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 210 homes were sold in Winston-Salem; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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