Is Stokes County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stokes County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Stokes County, NC

How much do homes in Stokes County, NC cost?

Median Sold Price

$285,500

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,775(+9.9%)

Key Takeaway

Homes in Stokes County have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Stokes County was $285,500 in October 2024, up 9.9% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $94.5K$115K
+21.7%
2 $200K$208.9K
+4.5%
3 $250K$270.6K
+8.3%
4 $395K$368.4K
-6.7%
5+ $419.9K$368.3K
-12.3%

Summary: Stokes County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Counties

Rockingham County
+13.1%
Surry County
+11.2%
Stokes County
+9.9%
Forsyth County
+3.4%

Housing Supply in Stokes County, NC

How many homes are available in Stokes County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
138143+3.6%

Summary: The Stokes County real estate market had 143 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 1920
+5.3%
3 8992
+3.4%
4 2526
+4.0%
5+ 23
+50.0%

Summary: The Stokes County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2631+19.2%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stokes County, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Stokes County in October 2024, up by 19.2% month-over-month. Of the 31 sold homes, 61% were sold under asking, 13% were sold at asking, and 26% were sold over asking.

Days on Market for Stokes County, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days34 Days+9.9%

Summary: Homes in Stokes County had an average of 34 days on market in Oct 2024, up by 9.9% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 31 homes were sold in Stokes County; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 6% 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 20 Days Ago

Newest Listings in Stokes County, NC

Nearby Markets to Stokes County, NC

What housing markets are near Stokes County, NC?