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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Surry County is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Surry County, NC cost?

Median Sold Price

$200,148

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$21,251(+11.9%)

Key Takeaway

Homes in Surry County have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $120K$109.5K
-8.8%
2 $135K$149.9K
+11.1%
3 $187.7K$210K
+11.8%
4 $266.7K$325K
+21.9%
5+ $304K$410K
+34.9%

Median Sold Price Compared To Nearby Counties

Yadkin County
+22.3%
Surry County
+11.9%
Stokes County
+11.9%
Alleghany County
-1.9%

How many homes are available in Surry County, NC?

Number of Homes For Sale

Sep 2022Oct 2022%
228223-2.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 53
-40.0%
2 4649
+6.5%
3 125123
-1.6%
4 4039
-2.5%
5+ 129
-25.0%

Number of Homes Sold

Sep 2022Oct 2022%
6047-21.7%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Surry County, you may be able to get a good deal. 68.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
24 Days25 Days+6.0%

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Surry 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 Surry County, NC

Surry County, NC has 223 homes on the market. The inventory of homes for sale in Surry County, NC between September 2022 and October 2022 decreased by 2.2%. While the average time on the market in October 2022 was 25 days, the median list price was $200,148. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties decreased by 8.8%, the cost of 2 bedrooms properties went up by 11.1%, prices of 3 bedrooms properties increased by 11.8%, the cost of 4 bedrooms properties went up by 21.9%, the cost of 5 bedrooms properties went up by 34.9%. Volume of homes for sale changed: the quantity of 1 bedroom homes went down by 40%, 2 bedrooms homes became 6.5% more available, the quantity of 3 bedrooms homes went down by 1.6%, number of 4 bedrooms homes decreased by 2.5%, number of 5 bedrooms homes decreased by 25%. In October 2022 more than 10 listings in Surry County, NC were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 32 were sold below.

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