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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilkes County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$16,382(+6.6%)

Key Takeaway

Homes in Wilkes County have sold for 6.6% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $148K$172K
+16.2%
2 $200K$226.5K
+13.3%
3 $249.9K$269.9K
+8.0%
4 $332.5K$344K
+3.5%
5+ $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
+9.4%
Wilkes County
+6.6%
Alexander County
-0.7%
Alleghany County
-1.0%

Housing Supply in Wilkes County, NC

How many homes are available in Wilkes County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
153149-2.6%

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

# BEDSFeb 2024Mar 2024CHANGE
1 107
-30.0%
2 2726
-3.7%
3 8786
-1.1%
4 2120
-4.8%
5+ 810
+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 2024Mar 2024CHANGE
2832+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilkes County, you may be able to get a good deal. 59.4% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
56 Days46 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wilkes County are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 24 Days Ago

Newest Listings in Wilkes County, NC

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