Is Forsyth County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Forsyth County has remained a Seller's Market.
Housing Prices in Forsyth County, NC
How much do homes in Forsyth County, NC cost?
Median Sold Price
$297,531
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forsyth County was $297,531 in April 2024, up 3.7% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115.1K | $125K | +8.6% |
2 Bedrooms | $168.9K | $182.2K | +7.8% |
3 Bedrooms | $274.9K | $285K | +3.7% |
4 Bedrooms | $397.5K | $426.8K | +7.4% |
5+ Bedrooms | $500.5K | $549.7K | +9.8% |
Summary: Forsyth County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Counties
Yadkin County | $235K | $255.2K | +8.6% |
Davidson County | $259.5K | $272.6K | +5.0% |
Davie County | $287.6K | $300.1K | +4.3% |
Forsyth County | $286.9K | $297.5K | +3.7% |
Stokes County | $270K | $260K | -3.7% |
Housing Supply in Forsyth County, NC
How many homes are available in Forsyth County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,460 | 1,621 | +11.0% |
Summary: The Forsyth County real estate market had 1,621 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 19 | +46.2% |
2 Bedrooms | 220 | 245 | +11.4% |
3 Bedrooms | 797 | 891 | +11.8% |
4 Bedrooms | 336 | 373 | +11.0% |
5+ Bedrooms | 94 | 93 | -1.1% |
Summary: The Forsyth County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 1.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
381 | 437 | +14.7% |
Asking Price vs. Sold Price
172 Homes Were Sold
Under Asking
120 Homes Were Sold
At Asking
144 Homes Were Sold
Over Asking
Summary: A total of 437 homes were sold or pending in Forsyth County in April 2024, up by 14.7% month-over-month. Of the 436 sold homes, 39% were sold under asking, 28% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 26 Days | -8.7% |
Summary: Homes in Forsyth County had an average of 26 days on market in Apr 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
320 Homes Were Sold
Under 30 Days
84 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During April 2024, 437 homes were sold in Forsyth County; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.