Is Ararat, NC 27007 a buyer’s or seller’s market?
Ararat is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Ararat housing market right now
In the three months ending August 31, 2026, 0% of homes in Ararat, NC 27007 sold above their list price, the typical home went under contract in 76 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (64 days then) and the median sale price held steady to $393,330. Overall, Ararat is less competitive than a year ago, which gives buyers more room.
Within Surry County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, State Road 28676 (43% sold over asking) and Elkin 28621 (14% sold over asking) are even more competitive.
Run the numbers for 27007
Nearby markets
Dobson 27017Buyer’s market $153 /sq ftElkin 28621Seller’s market $171 /sq ftLowgap 27024Balanced $191 /sq ftMount Airy 27030Balanced $179 /sq ft Browse all markets →Towns like Ararat nearby
Find towns like Ararat in other states →Where Ararat is
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Questions about Ararat real estate
Is Ararat a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Ararat, NC 27007 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Ararat?
The typical home went under contract in 76 days in the latest three months.
Do homes in Ararat sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in Ararat?
About 0.60% of a home’s value a year in Surry County, or roughly $2,400 on a $400,000 home.
What is the median home price in Ararat?
The median sale price was $393,330 in the three months ending August 31, 2026, about $202 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology