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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stedman is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Stedman, NC

How much do homes in Stedman, NC cost?

Median Sold Price

$263,500

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$34,000(-11.4%)

Key Takeaway

Homes in Stedman have sold for 11.4% less than they did a year ago.

Summary: The median home sold price in Stedman was $263,500 in November 2024, down 11.4% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$176K
N/A
2 $130K$232K
+78.5%
3 $257K$250K
-2.7%
4 $353.2K$339.9K
-3.8%
5+ $445.4K$280K
-37.1%

Summary: Stedman housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78.5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 37.1%.

Median Sold Price Compared To Nearby Cities

Cedar Creek Township
-1.4%
Stedman
-11.4%

Housing Supply in Stedman, NC

How many homes are available in Stedman, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2019-5.0%

Summary: The Stedman real estate market had 19 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 109
-10.0%
4 66
0.0%
5+ 12
+100.0%

Summary: The Stedman housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stedman, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Stedman in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Stedman, NC

How long does it take to sell a home in Stedman, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days30 Days+133.6%

Summary: Homes in Stedman had an average of 30 days on market in Nov 2024, up by 133.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Stedman; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 2 Days Ago

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