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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Guilford County is a seller's market

Buyer's
Market

Difference Since May 2022

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.

How much do homes in Guilford County, NC cost?

Median Sold Price

$275,024

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$29,374(+12.0%)

Key Takeaway

Homes in Guilford County have sold for 12% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $122.5K$139K
+13.5%
2 $140K$159.9K
+14.3%
3 $228.8K$254.6K
+11.3%
4 $369.9K$409.8K
+10.8%
5+ $424K$486.7K
+14.8%

Median Sold Price Compared To Nearby Counties

Alamance County
+13.5%
Guilford County
+12.0%
Rockingham County
+11.9%
Forsyth County
+11.2%
Davidson County
+11.2%

How many homes are available in Guilford County, NC?

Number of Homes For Sale

Apr 2023May 2023%
1,7571,794+2.1%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 1410
-28.6%
2 280283
+1.1%
3 791838
+5.9%
4 549548
-0.2%
5+ 123115
-6.5%

Number of Homes Sold

Apr 2023May 2023%
5425440.4%

Asking Price vs. Sold Price

173 Homes Were Sold
Under Asking

136 Homes Were Sold
At Asking

233 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Guilford County, you could pay more than the asking price. 43% of homes here sold above asking price last month.

How long does it take to sell a home in Guilford County, NC?

How long does it take to sell a home in Guilford County, NC?

Average Sale Time

May 2022May 2023%
12 Days23 Days+93.2%

Breakdown of Home Sale Times

440 Homes Were Sold
Under 30 Days

61 Homes Were Sold
In 30 - 90 Days

43 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Guilford 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.

What housing markets are near Guilford County, NC?

About Guilford County, NC

Guilford County, NC has 1,794 homes for sale to choose from. The number of listings in Guilford County, NC increased by 2.1% between April 2023 and May 2023. While the average time on the market in May 2023 was 23 days, the median list price was $275,024. Listing prices have changed in this real estate market between April 2023 and May 2023: 1 bedroom properties prices increased by 13.5%, 2 bedrooms properties prices increased by 14.3%, 3 bedrooms properties became 11.3% more expensive, 4 bedrooms properties became 10.8% more expensive, the cost of 5 bedrooms properties went up by 14.8%. Volume of homes for sale changed: 1 bedroom homes became 28.6% less available, 2 bedrooms homes inventory increased by 1.1%, the quantity of 3 bedrooms homes went up by 5.9%, volume of 4 bedrooms homes went down by 0.2%, 5 bedrooms homes inventory decreased by 6.5%. Over 233 listings were sold over their listed price in May 2023 in Guilford County, NC. In the same period over 173 listings were sold below the listed price and 136 listings were sold for the listed price.