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 April 2023

At the same time last year, Stokesdale was a Neutral 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

$460,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,000(+4.5%)

Key Takeaway

Homes in Stokesdale have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Stokesdale was $460,000 in April 2024, up 4.5% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $289K$235K
-18.7%
3 $350.5K$395K
+12.7%
4 $567.4K$599.9K
+5.7%
5+ $489.9K-
N/A

Summary: Stokesdale 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 decreased by 18.7%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Oak Ridge Township
+13.0%
Oak Ridge
+12.3%
Stokesdale
+5.3%
Stokesdale
+4.5%
Summerfield
-1.6%

Housing Supply in Stokesdale, NC

How many homes are available in Stokesdale, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
64640.0%

Summary: The Stokesdale real estate market had 64 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 3131
0.0%
4 3131
0.0%
5+ 00
0.0%

Summary: The Stokesdale 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1615-6.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stokesdale, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in Stokesdale in April 2024, down by 6.3% month-over-month. Of the 15 sold homes, 40% were sold under asking, 47% were sold at asking, and 13% 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

Apr 2023Apr 2024CHANGE
51 Days69 Days+33.0%

Summary: Homes in Stokesdale had an average of 69 days on market in Apr 2024, up by 33% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 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 April 2024, 15 homes were sold in Stokesdale; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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 11 Days Ago

Newest Listings in Stokesdale, NC

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