Is Stem, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Stem has remained a Seller's Market.
Key Takeaway
Stem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stem, NC
How much do homes in Stem, NC cost?
Median Sold Price
$319,950
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Stem have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Stem was $319,950 in March 2024, up 6.7% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182.5K | $425K | +132.9% |
| 3 Bedrooms | $295K | $295K | 0.0% |
| 4 Bedrooms | $422.5K | $452.7K | +7.2% |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: Stem housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 132.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tally Ho Township | $300K | $328.7K | +9.6% |
| Stem | $300K | $319.9K | +6.7% |
Housing Supply in Stem, NC
How many homes are available in Stem, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Stem real estate market had 7 homes for sale in March 2024, a 22.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Stem housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Stem, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Stem in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Stem, NC
How long does it take to sell a home in Stem, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 90 Days | +74.8% |
Summary: Homes in Stem had an average of 90 days on market in Mar 2024, up by 74.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Stem are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Stem; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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