Is Stokesdale, 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, Stokesdale has remained a Seller's Market.
Housing Prices in Stokesdale, NC
How much do homes in Stokesdale, NC cost?
Median Sold Price
$460,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Stokesdale was $460,000 in May 2024, up 4.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $262K | $257.5K | -1.7% |
3 Bedrooms | $350.5K | $395K | +12.7% |
4 Bedrooms | $571K | $599.9K | +5.0% |
5+ Bedrooms | $489.9K | - | N/A |
Summary: Stokesdale 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 1.7%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Oak Ridge | $566.7K | $678.4K | +19.7% |
Oak Ridge Township | $523K | $600K | +14.7% |
Stokesdale | $440K | $464.9K | +5.7% |
Stokesdale | $440K | $460K | +4.5% |
Summerfield | $577.5K | $585K | +1.3% |
Housing Supply in Stokesdale, NC
How many homes are available in Stokesdale, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 67 | +4.7% |
Summary: The Stokesdale real estate market had 67 homes for sale in May 2024, a 4.7% increase 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 | 2 | 2 | 0.0% |
3 Bedrooms | 28 | 29 | +3.6% |
4 Bedrooms | 34 | 36 | +5.9% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Stokesdale 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 increased by 3.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Stokesdale in May 2024, the same as the previous month. Of the 15 sold homes, 47% were sold under asking, 40% were sold at asking, and 13% were sold over asking.
Days on Market for Stokesdale, NC
How long does it take to sell a home in Stokesdale, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 51 Days | -18.8% |
Summary: Homes in Stokesdale had an average of 51 days on market in May 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Stokesdale; 40% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.