Is Guilford County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Guilford County has remained a Seller's Market.
Key Takeaway
Guilford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Guilford County, NC
How much do homes in Guilford County, NC cost?
Median Sold Price
$289,259
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Guilford County have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Guilford County was $289,259 in March 2024, up 5.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130.5K | $140K | +7.3% |
| 2 Bedrooms | $157.3K | $175K | +11.2% |
| 3 Bedrooms | $253.2K | $269K | +6.2% |
| 4 Bedrooms | $409.5K | $420.7K | +2.7% |
| 5+ Bedrooms | $494.6K | $494.5K | 0% |
Summary: Guilford County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Davidson County | $249.5K | $270.2K | +8.3% |
| Forsyth County | $280.5K | $296.3K | +5.6% |
| Guilford County | $275K | $289.2K | +5.2% |
| Rockingham County | $184.9K | $193.4K | +4.6% |
| Alamance County | $314.6K | $314.9K | 0.1% |
Housing Supply in Guilford County, NC
How many homes are available in Guilford County, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,847 | 1,963 | +6.3% |
Summary: The Guilford County real estate market had 1,963 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 12 | -7.7% |
| 2 Bedrooms | 316 | 334 | +5.7% |
| 3 Bedrooms | 854 | 916 | +7.3% |
| 4 Bedrooms | 567 | 593 | +4.6% |
| 5+ Bedrooms | 97 | 108 | +11.3% |
Summary: The Guilford County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 11.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 448 | 531 | +18.5% |
Asking Price vs. Sold Price
285 Homes Were Sold
Under Asking
106 Homes Were Sold
At Asking
140 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Guilford County, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.
Summary: A total of 531 homes were sold or pending in Guilford County in March 2024, up by 18.5% month-over-month. Of the 531 sold homes, 54% were sold under asking, 20% were sold at asking, and 26% were sold over asking.
Days on Market for Guilford County, NC
How long does it take to sell a home in Guilford County, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 42 Days | +22.6% |
Summary: Homes in Guilford County had an average of 42 days on market in Mar 2024, up by 22.6% compared to last year.
Breakdown of Home Sale Times
329 Homes Were Sold
Under 30 Days
119 Homes Were Sold
In 30 - 90 Days
83 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Guilford County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 531 homes were sold in Guilford County; 62% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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