Market reports · September 2025
Winston-Salem housing market, September 2025
The typical Winston-Salem-area home was worth $282,934 in September, down 0.1% from a year ago.
FHFA’s repeat-sales index for the Winston-Salem metro is up 4.8% over the year through Q3 2025. 664 homes sold across Forsyth, Davidson and Stokes counties in September, up 9.6% from a year earlier; 2,188 were for sale at the end of the month.
Compiled by Carolina Expansion Partners from public data (Zillow, FHFA and Freddie Mac via FRED, Redfin); questions to Justin Rini at (336) 733-6205. Home values and rents are for Forsyth County; the repeat-sales index covers the Winston-Salem metro; sale prices and days on market are for Forsyth County, counts cover Forsyth, Davidson and Stokes counties.
- Typical home value
- $282,934
- −0.1% vs a year ago · Zillow (ZHVI), Forsyth County · +0.2% vs last month
- Repeat-sales index
- +4.8%
- year over year · FHFA, Winston-Salem metro, Q3 2025
- Typical rent
- $1,497
- +3.7% vs a year ago · Zillow (ZORI), Forsyth County, per month
- 30-year rate
- 6.30%
- national average, week of September 25 · Freddie Mac
- Median sale price (mix-sensitive)
- $315,250
- +8.7% vs a year ago · Redfin, Forsyth County, September
- Homes sold
- 664
- +9.6% vs a year ago · Redfin, in September
- For sale
- 2,188
- +19.2% vs a year ago · Redfin, end of September
- Median days on market
- 48
- +13 days vs a year ago · Redfin, list to contract
No. 01
Typical home value, last 24 months
Zillow Home Value Index for Forsyth County: all homes, middle price tier, smoothed and seasonally adjusted. The red line is the 6-month average.
No. 02
Same-home prices, last 5 years
FHFA All-Transactions House Price Index, quarterly, not seasonally adjusted; both lines set to 100 in Q3 2020. Built from repeat sales and refinance appraisals of the same homes with Fannie Mae or Freddie Mac mortgages. Latest quarter: Q3 2025; North Carolina +3.2% year over year.
No. 03
Median sale price, last 24 months
Redfin, Forsyth County, all residential property types, through September 2025. Monthly medians move with the mix of homes that happened to sell; the 12-month average smooths that out.
No. 04
Homes for sale vs. homes sold
Redfin, Forsyth, Davidson and Stokes counties, all residential property types, through September 2025.
No. 05
By town, September 2025
| Town | Typical value | Value vs. last year | Median sale | Sold | Median days |
|---|---|---|---|---|---|
| Winston-SalemForsyth Co. | $262,994 | −0.7% | $275,000 | 213 | 42 |
| KernersvilleForsyth Co. | $318,761 | +0.9% | $340,000 | 54 | 73 |
| ThomasvilleDavidson Co. | $233,585 | +0.5% | $251,000 | 28 | 55 |
| ClemmonsForsyth Co. | $386,583 | +1.2% | $320,000 | 19 | 41 |
| LexingtonDavidson Co. | $263,604 | +3.1% | $220,000 | 19 | 79 |
| LewisvilleForsyth Co. | $405,022 | +1.5% | $403,500 | 18 | 55 |
| KingStokes Co. | $269,973 | +3.0% | $271,250 | 14 | 69 |
| Rural HallForsyth Co. | $269,790 | −0.3% | $290,000 | 8 | 51 |
| WalkertownForsyth Co. | $265,991 | +1.8% | $248,000 | 7 | 35 |
| WallburgDavidson Co. | — | — | $440,000 | 5 | 96 |
| MidwayDavidson Co. | — | — | $350,000 | 3 | 53 |
| TobaccovilleForsyth Co. | $266,229 | +1.8% | $373,500 | 2 | 67 |
| Walnut CoveStokes Co. | $223,297 | +2.4% | $203,499 | 2 | 143 |
| WelcomeDavidson Co. | — | — | $350,500 | 2 | 117 |
| PinnacleStokes Co. | $271,554 | +4.8% | $453,000 | 1 | 22 |
| DentonDavidson Co. | $251,224 | +2.6% | $175,000 | 1 | 26 |
| Belews CreekForsyth Co. | $344,139 | +3.0% | — | — | — |
| BethaniaForsyth Co. | $281,424 | +1.4% | — | — | — |
| LinwoodDavidson Co. | $258,892 | +4.5% | — | — | — |
| GermantonStokes Co. | $254,467 | +1.0% | — | — | — |
| LawsonvilleStokes Co. | $239,084 | +0.1% | — | — | — |
| DanburyStokes Co. | $226,002 | +1.9% | — | — | — |
| Sandy RidgeStokes Co. | $214,092 | +2.3% | — | — | — |
Typical value: Zillow Home Value Index by city or town as Zillow defines it, September. Median sale, sold and days: Redfin, September, as Redfin defines each town; a median of a few sales says little (towns with fewer than 10 sales are not compared year over year).
No. 06
How homes sold, September 2025
- Sale-to-list
- 97.8%
- −0.1 pts vs a year ago · average
- Sold above list
- 20%
- −5.2 pts vs a year ago · share of sales
- Price drops
- 33%
- +4.6 pts vs a year ago · share of listings
- Months of supply
- 3.2
- +0.2 vs a year ago · at the recent sales pace
Redfin, Forsyth County.
No. 07
30-year mortgage rate
6.30%
National average, week of September 25, 2025 · −0.26 pts over 4 weeks
- 6.56%8/28
- 6.50%9/4
- 6.35%9/11
- 6.26%9/18
- 6.30%9/25
If you’re buying
- The national average 30-year fixed rate was 6.30% in the week of September 25.
- Zillow’s typical asking rent for Forsyth County was $1,497 a month in September, up 3.7% from a year ago.
- Homes in Forsyth County spent a median 48 days on the market before going under contract in September.
- 33% of homes for sale had a price cut during September.
- On average, homes sold for 97.8% of their final list price.
If you’re selling
- Zillow’s typical home value for Forsyth County was up 0.2% from August to September.
- FHFA’s repeat-sales index for the Winston-Salem metro, which compares the same homes’ prices over time, was up 4.8% over the year through Q3 2025.
- 20% of homes sold for more than their list price.
- There were 3.2 months of supply: how long the homes for sale would last at the recent pace of sales.
- 778 new listings came on the market in September, up 3.9% from a year earlier.
These are area-wide figures. A particular street, price range or home can differ; they are not a forecast or a valuation.
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Sources
- Data by Redfin, a national real estate brokerage. Redfin Data Center market tracker: sales, listings, inventory, days on market, sale-to-list and price drops.
- Zillow Research: Zillow Home Value Index. Zillow Home Value Index (ZHVI, typical home value) and Zillow Observed Rent Index (ZORI, typical asking rent).
- FHFA House Price Index via FRED. U.S. Federal Housing Finance Agency, All-Transactions House Price Index for our metro areas and North Carolina (repeat sales of the same homes), retrieved from FRED, Federal Reserve Bank of St. Louis.
- Freddie Mac via FRED. Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis.
Public data only. These reports use no Triad MLS data; listing figures on our market pages are separate. Sources revise past months and quarters, so figures here can change after publication. Numbers describe homes and sales, not the people who buy or live in them.