Hey there, everyone! I'm back with another exciting market update video. Today, we're diving into the Greensboro, NC real estate scene in zip code 27410. I'm also going to be discussing updated metrics for a fantastic subdivision within the 27410 zip code area, Starmount Forest. So if you're a buyer or seller, you definitely don't want to miss this!

Let's jump right into the numbers, shall we? As of November 2023, we currently have a 1.29 months supply of inventory in Greensboro 27410 overall. That's a pretty tight market, and that number is down about 10% from October.

In contrast, we currently have a 3.54 Months Supply of Inventory in Starmount Forest, which is about 44% higher than October. So, more homes to choose from, and for a bit longer period of time, in Starmount Forest specifically.

Over the last 12 months, our Months Supply of Inventory has seen a significant drop of 14% in 27410 overall. That's right, folks, it's been getting even more competitive out there in the entire 27410 zip code area. So, if you're thinking of selling your home, now might just be the perfect time to make your move.

However, over the last 12 months, the Months Supply of Inventory in Starmount Forest specifically has increased by a staggering 510.34%. This significant jump indicates an evolving market dynamic. For buyers, this means there are more options available, allowing you to explore a wider range of properties. Sellers, on the other hand, need to be strategic in their pricing and marketing to stand out in this competitive landscape.

Now, let's talk about the List to Sold Price percentage. Brace yourselves, because this one's impressive. We're currently seeing a 99.7% List to Sold Price for zip code 27410 overall. That means, on average, sellers are getting almost their entire asking price! It's a great time to be a seller, that's for sure.

As far as Starmount Forest specifically, the List to Sold Percentage was 97.8% through November. That's still a great deal for sellers, as homes in Starmout Forest are selling very close to list price. The Greensboro, NC real estate market is doing well.

Alright, let's talk about how quickly homes for sale in Greensboro, NC 27410 are selling. The median days on market in Greensboro 27410 is just 21 days overall. That's less than a month, folks! Homes in Greensboro 27410 are selling like hotcakes, and buyers need to be prepared to act fast.

In Starmount Forest, the median days on market is 61. This means that, on average, it takes about two months for homes for sale in Starmount Forest to sell from the day it's listed. As mentioned before, there are more homes to choose from and more time to choose in certain subdivisions like Starmount Forest, and with interest rates trickling down, buyers have a better chance to find their dream home.

And finally, let's talk numbers. The median sold price in Greensboro 27410 overall is $398,500 through November, which is up about 17% from October. And through November, the median sold price in Starmount Forest stands at a healthy $428,000, which is down about 22% from October. That's some serious value we've got going on here, folks. Whether you're buying or selling, you know you're in for a great deal.

Well that's all for today's Greensboro, NC real estate market update, for zip code 27410 overall and for Starmount Forest specifically. I hope you found this information valuable and exciting. Remember, if you're looking to make a move in Greensboro, you can always count on me, Chuck VanHook, your trusted REALTOR®, to guide you through the process.

If you have any questions or want to know more about specific neighborhoods or properties, feel free to reach out to me any time.

Greensboro, NC 27410 Real Estate Metrics Analysis:
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Search all current lots, townhomes and homes for sale in Greensboro, NC 27410:
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Search all current homes for sale in Starmount Forest:
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Chuck VanHook
Realtor® / Owner
VanHook Real Estate Services
1589 Skeet Club Rd, Ste 102 #310
High Point, NC 27265
336-823-0169 (talk/text)
VanHookRES@gmail.com
NC License # 254050

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