Is Surry County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Surry County has remained a Seller's Market.
Housing Prices in Surry County, NC
How much do homes in Surry County, NC cost?
Median Sold Price
$229,450
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Surry County was $229,450 in February 2024, up 11.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.9K | $159K | +141.3% |
2 Bedrooms | $157K | $172.2K | +9.7% |
3 Bedrooms | $214.1K | $248K | +15.8% |
4 Bedrooms | $325K | $346K | +6.5% |
5+ Bedrooms | $355K | $394K | +11.0% |
Summary: Surry County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Counties
Surry County | $205K | $229.4K | +11.9% |
Yadkin County | $235K | $250K | +6.4% |
Stokes County | $256.9K | $260K | +1.2% |
Housing Supply in Surry County, NC
How many homes are available in Surry County, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
191 | 199 | +4.2% |
Summary: The Surry County real estate market had 199 homes for sale in February 2024, a 4.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 40 | 40 | 0.0% |
3 Bedrooms | 106 | 111 | +4.7% |
4 Bedrooms | 37 | 37 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Surry County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
38 | 43 | +13.2% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Surry County in February 2024, up by 13.2% month-over-month. Of the 43 sold homes, 79% were sold under asking, 9% were sold at asking, and 12% were sold over asking.
Days on Market for Surry County, NC
How long does it take to sell a home in Surry County, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
56 Days | 68 Days | +22.1% |
Summary: Homes in Surry County had an average of 68 days on market in Feb 2024, up by 22.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During February 2024, 43 homes were sold in Surry County; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.