Is Stokesdale, 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, 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
$464,950
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stokesdale have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Stokesdale was $464,950 in May 2024, up 5.7% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $262K | $194.5K | -25.8% |
| 3 Bedrooms | $367.1K | $380K | +3.5% |
| 4 Bedrooms | $533.7K | $596.2K | +11.7% |
| 5+ Bedrooms | $489.9K | - | N/A |
Summary: Stokesdale 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 25.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Oak Ridge Township | $523K | $600K | +14.7% |
| Stokesdale | $440K | $464.9K | +5.7% |
| Stokesdale | $440K | $460K | +4.5% |
| Huntsville Township | $295K | $305K | +3.4% |
| Summerfield | $577.5K | $585K | +1.3% |
Housing Supply in Stokesdale, NC
How many homes are available in Stokesdale, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 54 | +5.9% |
Summary: The Stokesdale real estate market had 54 homes for sale in May 2024, a 5.9% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Stokesdale 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 increased by 8.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stokesdale, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Stokesdale in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 45% were sold under asking, 55% were sold at asking, and 0% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 92 Days | 61 Days | -33.0% |
Summary: Homes in Stokesdale had an average of 61 days on market in May 2024, down by 33% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Stokesdale has remained consistent over time.
Summary: During May 2024, 11 homes were sold in Stokesdale; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
