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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stokesdale is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Stokesdale was a Seller's Market.

Key Takeaway

Stokesdale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Stokesdale, NC

How much do homes in Stokesdale, NC cost?

Median Sold Price

$475,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,000(+9.2%)

Key Takeaway

Homes in Stokesdale have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Stokesdale was $475,000 in November 2024, up 9.2% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $289K$164K
-43.3%
3 $394.2K$370.2K
-6.1%
4 $599.9K$609.9K
+1.7%
5+ --
N/A

Summary: Stokesdale 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 decreased by 43.3%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Stokesdale
+9.2%
Stokesdale
+8.3%
Summerfield
+5.2%
Oak Ridge Township
+2.1%
Oak Ridge
-3.5%

Housing Supply in Stokesdale, NC

How many homes are available in Stokesdale, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8284+2.4%

Summary: The Stokesdale real estate market had 84 homes for sale in November 2024, a 2.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 3735
-5.4%
4 4247
+11.9%
5+ 00
0.0%

Summary: The Stokesdale 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 5.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stokesdale, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Stokesdale in November 2024, down by 23.5% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% 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

Nov 2023Nov 2024CHANGE
26 Days49 Days+88.7%

Summary: Homes in Stokesdale had an average of 49 days on market in Nov 2024, up by 88.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in Stokesdale; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% 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 22 Days Ago

Newest Listings in Stokesdale, NC

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