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 February 2023

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.

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

+$24,450(+11.9%)

Key Takeaway

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

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

# BEDSFeb 2023Feb 2024CHANGE
1 $65.9K$159K
+141.3%
2 $157K$172.2K
+9.7%
3 $214.1K$248K
+15.8%
4 $325K$346K
+6.5%
5+ $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
+11.9%
Yadkin County
+6.4%
Stokes County
+1.2%

Housing Supply in Surry County, NC

How many homes are available in Surry County, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
191199+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

# BEDSJan 2024Feb 2024CHANGE
1 35
+66.7%
2 4040
0.0%
3 106111
+4.7%
4 3737
0.0%
5+ 56
+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 2024Feb 2024CHANGE
3843+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Surry County, you may be able to get a good deal. 79.1% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
56 Days68 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

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 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.

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

Report Updated 28 Days Ago

Newest Listings in Surry County, NC

Nearby Markets to Surry County, NC

What housing markets are near Surry County, NC?