Is Stokesdale, 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, Stokesdale has remained a Seller's Market.
Housing Prices in Stokesdale, NC
How much do homes in Stokesdale, NC cost?
Median Sold Price
$458,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Stokesdale was $458,000 in March 2024, down 8.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $507K | $230K | -54.6% |
3 Bedrooms | $379.1K | $395K | +4.2% |
4 Bedrooms | $605K | $599.9K | -0.8% |
5+ Bedrooms | $489.9K | - | N/A |
Summary: Stokesdale 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 decreased by 54.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Oak Ridge | $583K | $640K | +9.8% |
Oak Ridge Township | $559.9K | $587.5K | +4.9% |
Stokesdale | $440K | $461K | +4.8% |
Summerfield | $615K | $572K | -7.0% |
Stokesdale | $499.9K | $458K | -8.4% |
Housing Supply in Stokesdale, NC
How many homes are available in Stokesdale, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 62 | +6.9% |
Summary: The Stokesdale real estate market had 62 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 32 | 29 | -9.4% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Stokesdale 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 100%, 3 bedroom homes increased by 24%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Stokesdale in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 92 Days | +46.7% |
Summary: Homes in Stokesdale had an average of 92 days on market in Mar 2024, up by 46.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Stokesdale; 36% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.