Is Stem, 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, 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
$297,450
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stem have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Stem was $297,450 in May 2024, down 0.9% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $185K | N/A |
| 2 Bedrooms | $182.5K | $260K | +42.5% |
| 3 Bedrooms | $300K | $297.4K | -0.9% |
| 4 Bedrooms | $440K | $373K | -15.2% |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: Stem 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 increased by 42.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tally Ho Township | $300.5K | $332.5K | +10.6% |
| Stem | $300K | $297.4K | -0.9% |
Housing Supply in Stem, NC
How many homes are available in Stem, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The Stem real estate market had 7 homes for sale in May 2024, a 30.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Stem housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Stem, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Stem in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 143 Days | 1 Days | -99.0% |
Summary: Homes in Stem had an average of 1 days on market in May 2024, down by 99% compared to last year.
Breakdown of Home Sale Times
2 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 May 2024, 2 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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