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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stokesdale is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Stokesdale, NC

How much do homes in Stokesdale, NC cost?

Median Sold Price

$475,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$41,214(+9.5%)

Key Takeaway

Homes in Stokesdale have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Stokesdale was $475,000 in September 2024, up 9.5% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $235K$164K
-30.2%
3 $394.2K$361.5K
-8.3%
4 $582K$609.9K
+4.8%
5+ --
N/A

Summary: Stokesdale housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.2%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Stokesdale
+9.5%
Oak Ridge Township
+8.5%
Stokesdale
+6.9%
Summerfield
+6.4%
Huntsville Township
+1.3%

Housing Supply in Stokesdale, NC

How many homes are available in Stokesdale, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7280+11.1%

Summary: The Stokesdale real estate market had 80 homes for sale in September 2024, a 11.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 2935
+20.7%
4 4243
+2.4%
5+ 00
0.0%

Summary: The Stokesdale housing inventory by bedroom type for September 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 20.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1116+45.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stokesdale, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Stokesdale in September 2024, up by 45.5% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% 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

Sep 2023Sep 2024CHANGE
58 Days35 Days-39.2%

Summary: Homes in Stokesdale had an average of 35 days on market in Sep 2024, down by 39.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 16 homes were sold in Stokesdale; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 Sep 1, 2024

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