Is Forsyth County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forsyth County is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Forsyth County has remained a Seller's Market.

Key Takeaway

Forsyth County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Forsyth County, NC cost?

Median Sold Price

$275,212

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$37,994(+16.0%)

Key Takeaway

Homes in Forsyth County have sold for 16% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $89.9K$114K
+26.9%
2 $136.3K$160K
+17.3%
3 $224.6K$265.1K
+18.0%
4 $340.4K$390.2K
+14.6%
5+ $455K$522.5K
+14.8%

Median Sold Price Compared To Nearby Counties

Yadkin County
+20.1%
Davidson County
+18.1%
Forsyth County
+16.0%
Stokes County
+13.7%
Davie County
+10.5%

How many homes are available in Forsyth County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
1,4781,312-11.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 911
+22.2%
2 196177
-9.7%
3 811707
-12.8%
4 384347
-9.6%
5+ 7870
-10.3%

Number of Homes Sold

Oct 2022Nov 2022%
466373-20.0%

Asking Price vs. Sold Price

169 Homes Were Sold
Under Asking

68 Homes Were Sold
At Asking

135 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forsyth County, you may be able to get a good deal. 45.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
14 Days22 Days+57.4%

Breakdown of Home Sale Times

270 Homes Were Sold
Under 30 Days

86 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Forsyth County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Forsyth County, NC

Forsyth County, NC has 1,312 homes on the market. The inventory of homes for sale in Forsyth County, NC between October 2022 and November 2022 decreased by 11.2%. In November 2022, listings were on the market for 22 days. During the same period, the median list price in this real estate market was $275,212. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 26.9% more expensive, 2 bedrooms properties became 17.3% more expensive, the cost of 3 bedrooms properties went up by 18%, prices of 4 bedrooms properties went up by 14.6%, prices of 5 bedrooms properties increased by 14.8%. This housing market inventory have changed: 1 bedroom homes inventory increased by 22.2%, 2 bedrooms homes inventory decreased by 9.7%, the quantity of 3 bedrooms homes went down by 12.8%, number of 4 bedrooms homes decreased by 9.6%, 5 bedrooms homes became 10.3% less available. In November 2022, from all listings sold in Forsyth County, NC there were more than 135 sold above asking price, over 169 sold below and more than 68 were sold right at the asked price.

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