Is Starmount Forest, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Starmount Forest has remained a Seller's Market.
Key Takeaway
Starmount Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Starmount Forest, NC
How much do homes in Starmount Forest, NC cost?
Median Sold Price
$475,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Starmount Forest have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Starmount Forest was $475,000 in April 2024, down 3.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $425K | $295.2K | -30.5% |
| 3 Bedrooms | $443.9K | $391K | -11.9% |
| 4 Bedrooms | $445.7K | $529K | +18.7% |
| 5+ Bedrooms | $770K | $615K | -20.1% |
Summary: Starmount Forest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.5%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 20.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Lindley Park | $262.5K | $300K | +14.3% |
| Hamilton Lakes | $368.7K | $420K | +13.9% |
| Hamilton Forest | $455K | $475K | +4.4% |
| Starmount Forest | $490K | $475K | -3.1% |
| Sunset Hills | $507.5K | $471.5K | -7.1% |
Housing Supply in Starmount Forest, NC
How many homes are available in Starmount Forest, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Summary: The Starmount Forest real estate market had 26 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Starmount Forest housing inventory by bedroom type for April 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 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Starmount Forest, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Starmount Forest in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Starmount Forest, NC
How long does it take to sell a home in Starmount Forest, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 35 Days | -28.2% |
Summary: Homes in Starmount Forest had an average of 35 days on market in Apr 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Starmount Forest are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Starmount Forest; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
