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 neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Surry County was a Seller's Market.

Key Takeaway

Surry County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Surry County, NC

How much do homes in Surry County, NC cost?

Median Sold Price

$229,650

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,650(+9.4%)

Key Takeaway

Homes in Surry County have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Surry County was $229,650 in March 2024, up 9.4% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $65.5K$159K
+142.7%
2 $157.2K$173.9K
+10.6%
3 $218K$250.6K
+15.0%
4 $328.5K$356.5K
+8.5%
5+ $370K$389K
+5.1%

Summary: Surry County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 142.7%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Counties

Surry County
+9.4%
Yadkin County
+8.5%
Stokes County
-0.1%
Alleghany County
-1.0%

Housing Supply in Surry County, NC

How many homes are available in Surry County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
194196+1.0%

Summary: The Surry County real estate market had 196 homes for sale in March 2024, a 1.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 54
-20.0%
2 4046
+15.0%
3 109111
+1.8%
4 3532
-8.6%
5+ 53
-40.0%

Summary: The Surry County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4430-31.8%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 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. 60% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Surry County in March 2024, down by 31.8% month-over-month. Of the 30 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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

Mar 2023Mar 2024CHANGE
49 Days39 Days-21.8%

Summary: Homes in Surry County had an average of 39 days on market in Mar 2024, down by 21.8% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 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.

Summary: During March 2024, 30 homes were sold in Surry County; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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

Report Updated 18 Days Ago

Newest Listings in Surry County, NC

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