Is Winston-Salem, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Winston-Salem has remained a Seller's Market.
Housing Prices in Winston-Salem, NC
How much do homes in Winston-Salem, NC cost?
Median Sold Price
$265,088
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Winston-Salem was $265,088 in June 2024, up 2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.9K | $136.2K | -9.1% |
2 Bedrooms | $160K | $177.9K | +11.2% |
3 Bedrooms | $255.7K | $264.4K | +3.4% |
4 Bedrooms | $363K | $369K | +1.6% |
5+ Bedrooms | $519.9K | $633.7K | +21.9% |
Summary: Winston-Salem housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Cities
Winston Township | $259.6K | $265.2K | +2.1% |
Winston-Salem | $259.9K | $265K | +2.0% |
Broadbay Township | $269.9K | $271K | 0.4% |
South Fork Township | $314K | $299K | -4.8% |
Housing Supply in Winston-Salem, NC
How many homes are available in Winston-Salem, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,002 | 948 | -5.4% |
Summary: The Winston-Salem real estate market had 948 homes for sale in June 2024, a 5.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 9 | -18.2% |
2 Bedrooms | 180 | 174 | -3.3% |
3 Bedrooms | 557 | 489 | -12.2% |
4 Bedrooms | 196 | 219 | +11.7% |
5+ Bedrooms | 58 | 57 | -1.7% |
Summary: The Winston-Salem housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 1.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
309 | 286 | -7.4% |
Asking Price vs. Sold Price
134 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
92 Homes Were Sold
Over Asking
Summary: A total of 286 homes were sold or pending in Winston-Salem in June 2024, down by 7.4% month-over-month. Of the 286 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for Winston-Salem, NC
How long does it take to sell a home in Winston-Salem, NC?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 29 Days | +50.8% |
Summary: Homes in Winston-Salem had an average of 29 days on market in Jun 2024, up by 50.8% compared to last year.
Breakdown of Home Sale Times
211 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During June 2024, 286 homes were sold in Winston-Salem; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.