Is Stokes County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stokes County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Stokes County has remained a Seller's Market.

Key Takeaway

Stokes County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Stokes County, NC

How much do homes in Stokes County, NC cost?

Median Sold Price

$259,862

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$137(-0.1%)

Key Takeaway

The sold price of homes in Stokes County has remained the same since last year.

Summary: The median home sold price in Stokes County was $259,862 in March 2024, down 0.1% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $127.5K$87.5K
-31.4%
2 $175.9K$200K
+13.7%
3 $253K$250K
-1.2%
4 $374.9K$375K
0.0%
5+ $434.9K$402.4K
-7.5%

Summary: Stokes County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.4%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 7.5%.

Median Sold Price Compared To Nearby Counties

Surry County
+9.4%
Forsyth County
+5.6%
Rockingham County
+4.6%
Stokes County
-0.1%

Housing Supply in Stokes County, NC

How many homes are available in Stokes County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9893-5.1%

Summary: The Stokes County real estate market had 93 homes for sale in March 2024, a 5.1% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1819
+5.6%
3 5248
-7.7%
4 2119
-9.5%
5+ 66
0.0%

Summary: The Stokes County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2922-24.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stokes County, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Stokes County in March 2024, down by 24.1% month-over-month. Of the 22 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.

Days on Market for Stokes County, NC

How long does it take to sell a home in Stokes County, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
44 Days34 Days-23.6%

Summary: Homes in Stokes County had an average of 34 days on market in Mar 2024, down by 23.6% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Stokes County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 22 homes were sold in Stokes County; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% 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 22 Days Ago

Newest Listings in Stokes County, NC

Nearby Markets to Stokes County, NC

What housing markets are near Stokes County, NC?