Winston Salem, NC 27104 Real Estate Market Report

ZIP Code: 27104
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current market 30-year fixed mortgage rates in Winston Salem, NC, are approximately 6.35%, which is higher than the sub-6% rates observed in early February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary market indicator is the median sold price of 449,000, which reflects recent transaction levels and suggests the neighborhood's realized value is stronger than current asking signals; up year-over-year price trend supports continued appreciation pressure.

2. There is a notable spread between the median listing price of 339,900 and the median sold price of 449,000, which may indicate pricing friction or that representative recent sales included higher-end transactions rather than broad market uplift; balanced market temperature appears to moderate that disconnect.

3. Long selling timelines are evident: the median days on market is 216, which signals slower sales velocity and suggests buyers have time to negotiate rather than chase inventory; this slower pace may create opportunities for price-sensitive buyers. slower sales velocity also aligns with moderate interest rate pressure.

4. Affordability and financing context: the reported current market 30-year fixed mortgage rates of 6.35% are higher than earlier sub-6% levels, and the stated interest rate pressure is moderate, which may dampen near-term buyer urgency even as rents remain steady with a median market rent of 1,350 and a flat rent year-over-year trend.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Winston Salem, NC 27104 Real Estate Market Report

ZIP Code: 27104
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current market 30-year fixed mortgage rates in Winston Salem, NC, are approximately 6.35%, which is higher than the sub-6% rates observed in early February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary indicator, median sold price 167,000, suggests recent transaction-level value is higher than asking expectations and should be the basis for pricing and appraisal decisions (representative recent sale).

2. Median days on market 291 points to slower sales velocity and may indicate pricing friction or longer marketing windows; sellers should consider staging and targeted pricing to accelerate transactions while buyers may have more negotiation leverage (moderate/neutral market temperature).

3. The gap between median listing price 122,500 and median sold price 167,000 implies seller pricing expectations differ from transaction outcomes and buyers should watch for opportunities where listed prices lag realized sales values.

4. Contextual drivers: price year-over-year trend is up while rent year-over-year trend is flat, and interest rate pressure is moderate; additionally, the property rate comparison notes current market 30-year fixed mortgage rates are approximately 6.35%, which may temper buyer affordability and slow turnover.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.