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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stedman is a 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

+$13,000(+4.6%)

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $197.5K$85K
-57.0%
3 $244.5K$252.4K
+3.3%
4 $299.9K$321.4K
+7.2%
5+ $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
+4.7%
Stedman
+4.6%

Housing Supply in Stedman, NC

How many homes are available in Stedman, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2522-12.0%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1312
-7.7%
4 98
-11.1%
5+ 32
-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 2024May 2024CHANGE
45+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

Asking vs Sold - buyer

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 2023May 2024CHANGE
175 Days1 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

Breakdown of Home Sale Times

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.

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

Report Updated 18 Days Ago

Newest Listings in Stedman, NC

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