Winston Salem, NC Real Estate Market Report

By
Services for Real Estate Pros with InboundREM

Real Estate Market Report

Winston Salem, which is locally referred to as Winston is a city in North Carolina known for its diverse population, deep-rooted Southern culture, beautiful festivals, and rich culture. There are currently 240,193 residents in the twin city as per the last census. Unlike other metropolitan city centers in the region, there has been no rapid boom in the city's population, meaning the region has kept its small-town feel through the years.

Typical Real Estate Transaction in Winston Salem

There is a healthy real estate industry in the city of Winston Salem. Whether you're planning to sell a home or buy one, you'll find excellent deals readily available for you.

Homes that are listed for sale in the city go pending on average for 35 days if sold at below 2% the listed price and 24 days if sold at below 1%. The median home value in the city is $159,246, which is relatively close to the national average.

Home types in Winston Salem:

  • 61.94% Single-family detached homes
  • 24.80% High Rise Apartments and Apartment Complexes
  • 6.19% Duplexes and Smaller Apartment Buildings
  • 4.68% Row Houses and Attached Homes

Winston Salem, NC Real Estate Market Report

Property Appreciation in Winston Salem

There has been a steady growth of home prices in Winston-Salem and North Carolina, in general, making it an ideal time to buy a home to build equity. Over the last 12 months, there has been an appreciation of 8.86% in the average house price. Short-term real estate investors looking to flip residences will find ample opportunities in the city.

A Young Couple Receiving Their Key to Their Newly Bought House in Winston-Salem NC

Moving to Winston Salem

There are many positive qualities families can consider if they are looking to move into the twin city of Winston-Salem. For one, there are a plethora of recreational attractions in the city, including sports arenas, impressive public parks, annual and regular events and festivals, and so much more.

There is a long list of beautiful neighborhoods in the city, including subdivisions such as Buena Vista, Old Salem, Sunnyside, Country Club Estates, and more. The average home price in the region is also quite attractive. The average price of a single-family home in the city is $172,000 at $96 per square foot. The median home value if your include condominiums and apartments go down even further to $159,246. You'll have a good selection of properties to best match your needs and budget.

Infographic Showing the Winston Salem, NC Real Estate Market Report

Check out our original blog post at https://www.winstonsalemhomes4sale.com/ for more information.

If you would like to receive a FREE Competitive Market Analysis, contact me today.

Let Me Help You Find Your Sacramento, CA Home!

If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at (336) 978-4745.

************************************************************************************ 
 
POSTED BY
Bill Rouse
201 S Stratford Road, Suite 200,
Winston-Salem, NC 27103
Phone: 336.978.4745
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
North Carolina Forsyth County Winston-Salem
Tags:
market report
winstonsalem
salem
real estate market report
north carolina
winston

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
176,832

inboundREM Market Updates

Ask me a question
*
*
*
*
Spam prevention