$2,552 Closing Credit*
$214,900
1,638 SqFt
4 Beds
•1 Full Bath
Angela Burgess, Listing Office: NorthGroup Real Estate
Is Winston-Salem, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$269,318
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,863(+3.4%)
Key Takeaway
Homes in Winston-Salem have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Winston-Salem was $269,318 in October 2024, up 3.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.4K | $199K | +44.8% |
| 2 Bedrooms | $167.5K | $180K | +7.4% |
| 3 Bedrooms | $259.9K | $264.9K | +1.9% |
| 4 Bedrooms | $360.5K | $377.8K | +4.8% |
| 5+ Bedrooms | $482.5K | $600K | +24.4% |
Summary: Winston-Salem housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.8%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Winston-Salem | $260.4K | $269.3K | +3.4% |
| Winston Township | $260.5K | $269.2K | +3.4% |
| Broadbay Township | $265K | $265K | 0.0% |
| South Fork Township | $312.7K | $299K | -4.4% |
| Middle Fork II Township | $371.6K | $345K | -7.2% |
Housing Supply in Winston-Salem, NC
How many homes are available in Winston-Salem, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 897 | 968 | +7.9% |
Summary: The Winston-Salem real estate market had 968 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 164 | 189 | +15.2% |
| 3 Bedrooms | 450 | 487 | +8.2% |
| 4 Bedrooms | 224 | 220 | -1.8% |
| 5+ Bedrooms | 47 | 60 | +27.7% |
Summary: The Winston-Salem housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 27.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 220 | 221 | 0.5% |
Asking Price vs. Sold Price
118 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
52 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. 53.6% of homes here sold below asking price last month.
Summary: A total of 221 homes were sold or pending in Winston-Salem in October 2024, up by 0.5% month-over-month. Of the 220 sold homes, 54% were sold under asking, 23% were sold at asking, and 24% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 34 Days | +63.1% |
Summary: Homes in Winston-Salem had an average of 34 days on market in Oct 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
151 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
22 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 October 2024, 221 homes were sold in Winston-Salem; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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