Is Forsyth County, 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, Forsyth County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $120.5K | -10.7% |
2 Bedrooms | $165.6K | $179.3K | +8.2% |
3 Bedrooms | $269.9K | $285K | +5.6% |
4 Bedrooms | $396.1K | $427.6K | +7.9% |
5+ Bedrooms | $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 | $235K | $255K | +8.5% |
Davidson County | $249.5K | $270.2K | +8.3% |
Davie County | $282.3K | $299.8K | +6.2% |
Forsyth County | $280.5K | $296.3K | +5.6% |
Stokes County | $260K | $259.8K | -0.1% |
Housing Supply in Forsyth County, NC
How many homes are available in Forsyth County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,273 | 1,446 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 12 | +100.0% |
2 Bedrooms | 193 | 219 | +13.5% |
3 Bedrooms | 679 | 786 | +15.8% |
4 Bedrooms | 317 | 335 | +5.7% |
5+ Bedrooms | 78 | 94 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
306 | 372 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 39 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
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.