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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forsyth County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Forsyth County, NC

How much do homes in Forsyth County, NC cost?

Median Sold Price

$296,304

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,738(+5.6%)

Key Takeaway

Homes in Forsyth County have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Forsyth County was $296,304 in March 2024, up 5.6% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $135K$120.5K
-10.7%
2 $165.6K$179.3K
+8.2%
3 $269.9K$285K
+5.6%
4 $396.1K$427.6K
+7.9%
5+ $520K$557.5K
+7.2%

Summary: Forsyth County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Counties

Yadkin County
+8.5%
Davidson County
+8.3%
Davie County
+6.2%
Forsyth County
+5.6%
Stokes County
-0.1%

Housing Supply in Forsyth County, NC

How many homes are available in Forsyth County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,2731,446+13.6%

Summary: The Forsyth County real estate market had 1,446 homes for sale in March 2024, a 13.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 612
+100.0%
2 193219
+13.5%
3 679786
+15.8%
4 317335
+5.7%
5+ 7894
+20.5%

Summary: The Forsyth County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 20.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
306372+21.6%

Asking Price vs. Sold Price

169 Homes Were Sold
Under Asking

102 Homes Were Sold
At Asking

101 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forsyth County, you may be able to get a good deal. 45.4% of homes here sold below asking price last month.

Summary: A total of 372 homes were sold or pending in Forsyth County in March 2024, up by 21.6% month-over-month. Of the 372 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for Forsyth County, NC

How long does it take to sell a home in Forsyth County, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
37 Days39 Days+6.0%

Summary: Homes in Forsyth County had an average of 39 days on market in Mar 2024, up by 6% compared to last year.

Breakdown of Home Sale Times

236 Homes Were Sold
Under 30 Days

82 Homes Were Sold
In 30 - 90 Days

54 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 372 homes were sold in Forsyth County; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 15% 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 27 Days Ago

Newest Listings in Forsyth County, NC

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