Is Stanfield, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Stanfield has remained a Seller's Market.
Key Takeaway
Stanfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stanfield, NC
How much do homes in Stanfield, NC cost?
Median Sold Price
$387,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stanfield have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Stanfield was $387,000 in May 2024, down 1.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $86.5K | N/A |
| 2 Bedrooms | $270K | $190K | -29.6% |
| 3 Bedrooms | $378.2K | $390K | +3.1% |
| 4 Bedrooms | $423.5K | $479.3K | +13.2% |
| 5+ Bedrooms | $475K | $655K | +37.9% |
Summary: Stanfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 37.9%.
Median Sold Price Compared To Nearby Cities
| Furr Township | $365K | $385K | +5.5% |
| Locust | $378.5K | $398K | +5.2% |
| Stanfield | $394K | $387K | -1.8% |
Housing Supply in Stanfield, NC
How many homes are available in Stanfield, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Stanfield real estate market had 16 homes for sale in May 2024, a 5.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Stanfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stanfield, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Stanfield in May 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Stanfield, NC
How long does it take to sell a home in Stanfield, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +26.5% |
Summary: Homes in Stanfield had an average of 26 days on market in May 2024, up by 26.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stanfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Stanfield; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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