Is Wilkes County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wilkes County has remained a Seller's Market.
Housing Prices in Wilkes County, NC
How much do homes in Wilkes County, NC cost?
Median Sold Price
$265,125
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wilkes County was $265,125 in March 2024, up 6.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148K | $172K | +16.2% |
2 Bedrooms | $200K | $226.5K | +13.3% |
3 Bedrooms | $249.9K | $269.9K | +8.0% |
4 Bedrooms | $332.5K | $344K | +3.5% |
5+ Bedrooms | $378.9K | $451K | +19.0% |
Summary: Wilkes County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Counties
Surry County | $210K | $229.6K | +9.4% |
Wilkes County | $248.7K | $265.1K | +6.6% |
Alexander County | $264.9K | $263K | -0.7% |
Alleghany County | $301K | $298K | -1.0% |
Housing Supply in Wilkes County, NC
How many homes are available in Wilkes County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
153 | 149 | -2.6% |
Summary: The Wilkes County real estate market had 149 homes for sale in March 2024, a 2.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 7 | -30.0% |
2 Bedrooms | 27 | 26 | -3.7% |
3 Bedrooms | 87 | 86 | -1.1% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Wilkes County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 32 | +14.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Wilkes County in March 2024, up by 14.3% month-over-month. Of the 32 sold homes, 59% were sold under asking, 19% were sold at asking, and 22% were sold over asking.
Days on Market for Wilkes County, NC
How long does it take to sell a home in Wilkes County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 46 Days | -18.6% |
Summary: Homes in Wilkes County had an average of 46 days on market in Mar 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Wilkes County; 59% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.