Is Winston-Salem, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$265,528
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Winston-Salem have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Winston-Salem was $265,528 in April 2024, up 2.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | $140K | -6.6% |
| 2 Bedrooms | $158.9K | $175K | +10.1% |
| 3 Bedrooms | $255.5K | $263.7K | +3.2% |
| 4 Bedrooms | $354.2K | $377.6K | +6.6% |
| 5+ Bedrooms | $529.2K | $595K | +12.4% |
Summary: Winston-Salem housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Winston-Salem | $259.9K | $265.5K | +2.1% |
| Winston Township | $259.9K | $265.5K | +2.1% |
| Middle Fork II Township | $335K | $340K | +1.5% |
| South Fork Township | $308.7K | $299.5K | -3.0% |
| Broadbay Township | $285K | $265K | -7.0% |
Housing Supply in Winston-Salem, NC
How many homes are available in Winston-Salem, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 842 | 963 | +14.4% |
Summary: The Winston-Salem real estate market had 963 homes for sale in April 2024, a 14.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 15 | +36.4% |
| 2 Bedrooms | 169 | 180 | +6.5% |
| 3 Bedrooms | 457 | 533 | +16.6% |
| 4 Bedrooms | 156 | 183 | +17.3% |
| 5+ Bedrooms | 49 | 52 | +6.1% |
Summary: The Winston-Salem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 204 | 266 | +30.4% |
Asking Price vs. Sold Price
109 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
99 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. 41% of homes here sold below asking price last month.
Summary: A total of 266 homes were sold or pending in Winston-Salem in April 2024, up by 30.4% month-over-month. Of the 266 sold homes, 41% were sold under asking, 22% were sold at asking, and 37% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 23 Days | -14.7% |
Summary: Homes in Winston-Salem had an average of 23 days on market in Apr 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
195 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
14 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 April 2024, 266 homes were sold in Winston-Salem; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.