Is Stedman, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Stedman has remained a Seller's Market.
Key Takeaway
Stedman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stedman, NC
How much do homes in Stedman, NC cost?
Median Sold Price
$295,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stedman have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Stedman was $295,000 in May 2024, up 4.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $197.5K | $85K | -57.0% |
| 3 Bedrooms | $244.5K | $252.4K | +3.3% |
| 4 Bedrooms | $299.9K | $321.4K | +7.2% |
| 5+ Bedrooms | $397.4K | $420.9K | +5.9% |
Summary: Stedman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 57%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Cedar Creek Township | $266K | $278.5K | +4.7% |
| Stedman | $282K | $295K | +4.6% |
Housing Supply in Stedman, NC
How many homes are available in Stedman, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Stedman real estate market had 22 homes for sale in May 2024, a 12.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Stedman 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 decreased by 7.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stedman, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Stedman in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for Stedman, NC
How long does it take to sell a home in Stedman, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 175 Days | 1 Day | -99.4% |
Summary: Homes in Stedman had an average of 1 days on market in May 2024, down by 99.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stedman are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Stedman; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.