Is Stem, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$321,900
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Stem have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Stem was $321,900 in April 2024, up 8.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $185K | N/A |
| 2 Bedrooms | $182.5K | $425K | +132.9% |
| 3 Bedrooms | $293.5K | $310.9K | +5.9% |
| 4 Bedrooms | $422.5K | $373K | -11.7% |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: Stem housing prices by bedroom type for April 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 increased by 5.9%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tally Ho Township | $300K | $337.9K | +12.7% |
| Stem | $297.5K | $321.9K | +8.2% |
Housing Supply in Stem, NC
How many homes are available in Stem, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Stem real estate market had 8 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Stem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stem, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Stem in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 10 Days | -73.7% |
Summary: Homes in Stem had an average of 10 days on market in Apr 2024, down by 73.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stem are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Stem; 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.
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