Is Winston-Salem, 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, Winston-Salem has remained a Seller's Market.
Housing Prices in Winston-Salem, NC
How much do homes in Winston-Salem, NC cost?
Median Sold Price
$265,528
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Winston-Salem was $265,528 in April 2024, up 2.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.9K | $140K | -6.6% |
2 Bedrooms | $158.9K | $175K | +10.1% |
3 Bedrooms | $255.5K | $263.7K | +3.2% |
4 Bedrooms | $354.2K | $377.6K | +6.6% |
5+ Bedrooms | $529.2K | $595K | +12.4% |
Summary: Winston-Salem housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
Winston-Salem | $259.9K | $265.5K | +2.1% |
Winston Township | $259.9K | $265.5K | +2.1% |
Middle Fork II Township | $335K | $340K | +1.5% |
South Fork Township | $308.7K | $299.5K | -3.0% |
Broadbay Township | $285K | $265K | -7.0% |
Housing Supply in Winston-Salem, NC
How many homes are available in Winston-Salem, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
842 | 963 | +14.4% |
Summary: The Winston-Salem real estate market had 963 homes for sale in April 2024, a 14.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 15 | +36.4% |
2 Bedrooms | 169 | 180 | +6.5% |
3 Bedrooms | 457 | 533 | +16.6% |
4 Bedrooms | 156 | 183 | +17.3% |
5+ Bedrooms | 49 | 52 | +6.1% |
Summary: The Winston-Salem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
204 | 266 | +30.4% |
Asking Price vs. Sold Price
109 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
99 Homes Were Sold
Over Asking
Summary: A total of 266 homes were sold or pending in Winston-Salem in April 2024, up by 30.4% month-over-month. Of the 266 sold homes, 41% were sold under asking, 22% were sold at asking, and 37% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 23 Days | -14.7% |
Summary: Homes in Winston-Salem had an average of 23 days on market in Apr 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
195 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 266 homes were sold in Winston-Salem; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.