Is Star, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Star is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Star was a Buyer's Market.

Key Takeaway

Star is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Star, NC

How much do homes in Star, NC cost?

Median Sold Price

$161,750

$178/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$258,250(-61.5%)

Key Takeaway

Homes in Star have sold for 61.5% less than they did a month ago.

Summary: The median home sold price in Star was $161,750 in May 2024, down 61.5% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $420K$161.7K
-61.5%
4 --
N/A
5+ --
N/A

Summary: Star housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 61.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Star
-61.5%
Star Township
-61.5%

Housing Supply in Star, NC

How many homes are available in Star, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
10100.0%

Summary: The Star real estate market had 10 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 66
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Star housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Star, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Star in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Star, NC

How long does it take to sell a home in Star, NC?

Average Sale Time

Apr 2024May 2024CHANGE
134 Days120 Days-10.4%

Summary: Homes in Star had an average of 120 days on market in May 2024, down by 10.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Star are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 4 homes were sold in Star; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Star, NC

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