Is Winston-Salem, 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, 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
$265,276
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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 $265,276 in March 2024, up 3.6% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $140K | -9.7% |
| 2 Bedrooms | $159K | $175K | +10.1% |
| 3 Bedrooms | $254.7K | $263.6K | +3.5% |
| 4 Bedrooms | $362.8K | $375.6K | +3.5% |
| 5+ Bedrooms | $571K | $595K | +4.2% |
Summary: Winston-Salem housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Winston-Salem | $256K | $265.2K | +3.6% |
| Winston Township | $256.2K | $265.4K | +3.6% |
| Middle Fork II Township | $340.1K | $340K | 0% |
| South Fork Township | $302.5K | $299.5K | -1.0% |
| Broadbay Township | $285K | $274.9K | -3.5% |
Housing Supply in Winston-Salem, NC
How many homes are available in Winston-Salem, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 717 | 842 | +17.4% |
Summary: The Winston-Salem real estate market had 842 homes for sale in March 2024, a 17.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 10 | +150.0% |
| 2 Bedrooms | 142 | 170 | +19.7% |
| 3 Bedrooms | 375 | 452 | +20.5% |
| 4 Bedrooms | 156 | 158 | +1.3% |
| 5+ Bedrooms | 40 | 52 | +30.0% |
Summary: The Winston-Salem housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 171 | 197 | +15.2% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winston-Salem, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.
Summary: A total of 197 homes were sold or pending in Winston-Salem in March 2024, up by 15.2% month-over-month. Of the 197 sold homes, 45% were sold under asking, 27% were sold at asking, and 28% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -7.2% |
Summary: Homes in Winston-Salem had an average of 32 days on market in Mar 2024, down by 7.2% compared to last year.
Breakdown of Home Sale Times
136 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Winston-Salem are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 197 homes were sold in Winston-Salem; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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