Is Downtown 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
At the same time last year, Downtown Winston-Salem was a Buyer's Market.
Key Takeaway
Downtown Winston-Salem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Downtown Winston-Salem, NC
How much do homes in Downtown Winston-Salem, NC cost?
Median Sold Price
$505,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Downtown Winston-Salem have sold for 1% less than they did a year ago.
Summary: The median home sold price in Downtown Winston-Salem was $505,000 in April 2024, down 1% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189K | $295.2K | +56.2% |
| 2 Bedrooms | $510K | $460K | -9.8% |
| 3 Bedrooms | $675K | $932.8K | +38.2% |
| 4 Bedrooms | - | $605K | N/A |
| 5+ Bedrooms | $310K | - | N/A |
Summary: Downtown Winston-Salem housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.2%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 38.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Winston-Salem | $510K | $505K | -1.0% |
| East Winston | $169.9K | $149.5K | -12.0% |
Housing Supply in Downtown Winston-Salem, NC
How many homes are available in Downtown Winston-Salem, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Downtown Winston-Salem real estate market had 8 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Winston-Salem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Winston-Salem, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Downtown Winston-Salem in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Downtown Winston-Salem, NC
How long does it take to sell a home in Downtown Winston-Salem, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 166 Days | +1287.5% |
Summary: Homes in Downtown Winston-Salem had an average of 166 days on market in Apr 2024, up by 1287.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Downtown Winston-Salem are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Downtown Winston-Salem; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
