Clemmons & Lewisville Market Report – 1st QTR 2022

1st QTR 2022 Clemmons & Lewisville

Single-Family Homes

At the end of 1st QTR 2022 for Clemmons & Lewisville, there are 163 Single-Family Homes marked pending.  At the end of March 2022, the available inventory for Single-Family Homes is 43 listings.

The Average Sales Price is $375,921 for a Single-Family Home.  This is an increase of +17.5% from the 1st QTR in 2021 when the Average Sales Price was $319,830.

In the 1st QTR 2022, the Median Sales Price is $361,538 for a Single-Family Home.  This is an increase of +15.8%  from the 1st QTR 2021 when the Median Sales Price was $312,200.

Analysis of the absorption rate for the Clemmons & Lewisville Market indicates an inventory of .6 months for Single-Family Homes.

1st QTR 2022 Clemmons & Lewisville Market

1st QTR 2022 Clemmons & Lewisville Market

In the 1st QTR 2022 for the Clemmons & Lewisville, a total of 198 Single-Family homes closed in the Clemmons and the Lewisville areas. This is an increase of +3.1% from the 1st QTR in 2021 when 192 listings closed.

Of the closed properties in the 1st QTR 2022, 80%of the listings were under contract in the first 30 days on the market.

The most active price ranges were homes in the $300,00 to $399,999 range and in the $200,000 to $299,999 range.  Combined both price ranges made up 67% of the closed properties in the 1st QTR 2022.

You might also like to view earlier Market Reports:

The Landing in Rocklyn is located in a section of Rocklyn in Clemmons, NC within Forsyth County.  Construction in this new section began in 2019.

Homes are two stories featuring 2, 3, or 4 bedroom models with 3 full bathrooms.  The typical lot size is .20 acre.

Total living space ranges from 1,600 Sq. ft. up to 2,800 sq. ft.  Homes feature attached garage space for two cars.  Residents can enjoy the community pool.

There is a Homeowner’s Association. The HOA dues are $115 a month and a second fee of $650 paid annually.

Residents living in The Landing in Rocklyn have an easy commute from Clemmons into the Triad cities of Winston-Salem, High Point, and Greensboro for employment opportunities, shopping, and entertainment.

Townhome Listings

At the end of the 1st QTR 2022, 17 Townhome Listings were marked pending in the Clemmons & Lewisville Market.  There are 3 townhome listings available for sale.

The Average Sales Price is $250,233 for a Townhome.  This is an increase of +30.3% from the 1st QTR 2021 when the Average Sales Price was $191,972.

The Median Sales Price is $225,500 for a Townhome in the 1st QTR 2022.  This is an increase of +25.3% from the 1st QTR 2021 when the Median Sales Price was $180,000 for a townhome property.

During the 1st QTR 2022, 18 Townhome listings closed which is an increase of +5.9% from the 1st QTR 2021 when 17 Townhome properties closed.

Analysis of the absorption rate for the Clemmons & Lewisville Market indicate 0.5 month inventory for Townhome properties.

Clemmons & Lewisville Market

Clemmons & Lewisville Market

New Listings decreased by -13.1% in the 1st QTR 2022 in the Clemmons & Lewisville Real Estate Market from the previous year.  Pending Sales decreased by -27.9%.  Closed Sales showed an increase of +3.1% from the 1st QTR in 2022.  Prices are still rising because of the inventory shortage.

The Median Sales Price for Single-Family Home is $ 361,538, which is an increase of +15.8% from the 1st QTR in 2022.  The Average Sales Price was $ 375,921 at the end of the 1st QTR 2022.  This was an increase of +17.5% from the 1st QTR in 2021.

Sellers are receiving 101.3% of their list price.  Inventory levels for single-family homes decreased by -42.7% and inventory for townhomes stayed the same.   At the end of March 2022, 43 Single-Family Homes and 3 Townhomes were available for sale.  Homebuyers in 2022 will continue to be challenged by the low inventory levels.