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Winston-Salem, NC Housing Market Report

Winston-Salem, NC Metro Area · #100 U.S. city by size · Updated December 2025 · Source: Zillow Research Data

Market Overview

Median Home Price
$255,760
+0.41% YoY
Median Rent
$1,468/mo
+2.27% YoY
Active Inventory
1,920
-2.39% YoY
Days on Market
72
+22 days YoY
Sale-to-List Ratio
98.0%

Market Health Score

46/100
Neutral Market

A balanced market with relatively stable conditions.

Price Growth: +0.41%
Inventory: -2.39%
Days on Market: +22 days
Sale-to-List: 98.0%

Rental Market Trends

Winston-Salem National
Jan 2024May 2024Sep 2024Jan 2025May 2025Sep 2025

Inventory & Supply

Jan 2024May 2024Sep 2024Jan 2025May 2025Sep 2025

Market Analysis

The Winston-Salem housing market as of December 2025 is characterized by a transition toward a more balanced environment, though it remains slightly tilted in favor of sellers due to constrained inventory. With a median home value of $255,760 and a sale-to-list ratio of 0.98, sellers are still achieving near-asking prices, but the pace of the market has slowed significantly. Active inventory has tightened by 2.39% over the past year, reaching 1,920 units, which prevents a significant drop in valuations despite broader economic shifts.

Price trends over the last six months show a consistent, albeit modest, upward trajectory. Since July 2025, values have climbed steadily from $253,365 to the current December peak. This incremental growth of 0.41% year-over-year suggests that the hyper-appreciation seen in previous years has cooled into a sustainable rhythm. The rental market is seeing slightly more aggressive growth, with median rents rising 2.27% to $1,468, indicating that housing demand in the Twin City remains robust even as high-interest rates or economic caution temper the for-sale sector.

The most notable shift for market participants is the increase in Days on Market, which has jumped by 22 days over the last year to a total of 72 days. For buyers, this provides a much-needed window for due diligence and negotiation that was absent in recent years. Sellers, conversely, must adjust their expectations for a longer listing period and ensure their properties are priced accurately to the current 0.98 sale-to-list reality. Looking ahead, Winston-Salem remains an affordable alternative to the nearby Research Triangle, likely sustaining demand from relocators seeking value in the North Carolina Piedmont region.

Frequently Asked Questions

Data Source & Methodology

Data sourced from Zillow Research. Home values are based on the Zillow Home Value Index (ZHVI), a smoothed, seasonally adjusted measure of the typical home value. Rental data is based on the Zillow Observed Rent Index (ZORI). Inventory, days on market, and sale-to-list ratio are metro-level estimates. This report is for informational purposes only and does not constitute financial or real estate advice.