Home Values

Winston-Salem Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$113,000

  • -0.2% 1-year change
  • 2.0% 1-year forecast

The median home value in Winston-Salem is $113,000. Winston-Salem home values have declined -0.2% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Winston-Salem is $80, which is lower than the Winston-Salem Metro average of $87. The median price of homes currently listed in Winston-Salem is $136,900 while the median price of homes that sold is $135,150. The median rent price in Winston-Salem is $795, which is lower than the Winston-Salem Metro median of $809.

Foreclosures will be a factor impacting home values in the next several years. In Winston-Salem 8.1 homes are foreclosed (per 10,000). This is greater than the Winston-Salem Metro value of 6.5 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Winston-Salem is 5.8%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Winston-Salem homeowners underwater on their mortgage is 17.4%, which is higher than Winston-Salem Metro at 14.6%.

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Relative ZHVI
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Winston-Salem Market Overview

Data through Aug 31, 2014
  • $113,000 ZHVI
  • 2.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $136,900 Median listing price
  • $135,150 Median sale price
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Winston-Salem Market Health

Data through Aug 31, 2014
  • 0.9/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 17.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

8.1 homes Winston-Salem
6.5 homes Winston-Salem Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Bermuda Run $231,500
Clemmons $186,200
Lewisville $185,700
Name Median ZHVI
Kernersville $146,200
Wallburg $134,600
Germanton $133,000
Name Median ZHVI
Tobaccoville $120,100
Walkertown $112,500
Rural Hall $111,000

Listings & Sales

Data through Aug 31, 2014
  • $80 Median list price / sq ft
  • $81 Median sale price / sq ft
  • 43.5% Listings with price cut
34.4%
Sold below listing
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Winston-Salem Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $962 Winston-Salem
    $1,024 Winston-Salem Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $795 Rent list price
  • $0.67 Rent list price / sq ft
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