Winston-Salem, North Carolina, is a dynamic city in Forsyth County with a population of about 250,000, blending rich history with modern innovation. Known as the "City of Arts and Innovation," it boasts a vibrant cultural scene, anchored by the historic Reynolda House Museum of American Art and the thriving arts district in Old Salem, a preserved 18th-century Moravian settlement. Winston-Salem is also a hub for education and industry, home to Wake Forest University and a legacy in tobacco manufacturing, now evolving into a center for biotechnology and healthcare. The city’s downtown buzzes with craft breweries, farm-to-table restaurants, and festivals like the National Black Theatre Festival, while nearby parks and the scenic Blue Ridge Mountains offer abundant outdoor recreation. With its blend of heritage, creativity, and forward-thinking spirit, Winston-Salem is a welcoming destination for residents and visitors alike.
Winston-Salem currently has 43 single family homes for sale with an average list price of $804,467.14, 3 townhouses for sale with an average list price of $231,666.33, 5 condos for sale with an average list price of $174,980, and 3 lots for sale with an average list price of $1,128,333.33.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Winston-Salem, i.e. what's hot and what's not.
See What's Hot & What's Not in Winston-SalemWinston-Salem home sales for the month of August rose in volume by 75% when compared to last year, while the median sale price decreased by 10.5% from $309,000 to $276,500. House sales rose by 200%, while the median sale price decreased by 6.2% from $309,000 to $289,950. Condo sales stayed the same, while the median sale price stayed the same. Townhouse sales decreased by 75%, while the median sale price decreased by 22.9% from $282,500 to $217,900.
48
|
42
|
65
|
89
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$227,450
|
$304,500
|
$264,000
|
$250,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.