Is Winston-Salem, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winston-Salem is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Winston-Salem has remained a Seller's Market.

Key Takeaway

Winston-Salem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Winston-Salem, NC

How much do homes in Winston-Salem, NC cost?

Median Sold Price

$263,266

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$9,175(+3.6%)

Key Takeaway

Homes in Winston-Salem have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Winston-Salem was $263,266 in January 2024, up 3.6% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $93K$182K
+95.7%
2 $154.9K$172.1K
+11.1%
3 $250.4K$260.1K
+3.9%
4 $360K$379.2K
+5.3%
5+ $579K$557.5K
-3.7%

Summary: Winston-Salem housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Cities

Winston-Salem
+3.6%
Winston Township
+3.3%

Housing Supply in Winston-Salem, NC

How many homes are available in Winston-Salem, NC?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
633652+3.0%

Summary: The Winston-Salem real estate market had 652 homes for sale in January 2024, a 3.0% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 89
+12.5%
2 122121
-0.8%
3 335344
+2.7%
4 137142
+3.6%
5+ 3136
+16.1%

Summary: The Winston-Salem housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 16.1%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
170152-10.6%

Asking Price vs. Sold Price

82 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winston-Salem, you may be able to get a good deal. 53.9% of homes here sold below asking price last month.

Summary: A total of 152 homes were sold or pending in Winston-Salem in January 2024, down by 10.6% month-over-month. Of the 152 sold homes, 54% were sold under asking, 19% were sold at asking, and 27% 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

Jan 2023Jan 2024CHANGE
26 Days36 Days+36.3%

Summary: Homes in Winston-Salem had an average of 36 days on market in Jan 2024, up by 36.3% compared to last year.

Breakdown of Home Sale Times

96 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Winston-Salem are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 152 homes were sold in Winston-Salem; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 12% 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 26 Days Ago

Newest Listings in Winston-Salem, NC

Nearby Markets to Winston-Salem, NC

What housing markets are near Winston-Salem, NC?