Is Stony Point, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stony Point is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Stony Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Stony Point, NC

How much do homes in Stony Point, NC cost?

Median Sold Price

$270,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,100(+10.7%)

Key Takeaway

Homes in Stony Point have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Stony Point was $270,000 in November 2024, up 10.7% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$142.5K
N/A
2 $146.5K$104K
-29.0%
3 $246.9K$279.9K
+13.3%
4 $315K$319.9K
+1.6%
5+ --
N/A

Summary: Stony Point 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 29%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Stony Point
+10.7%
Concord Township
+6.1%
Shiloh Township
+2.8%
Sharpes Township
-4.5%

Housing Supply in Stony Point, NC

How many homes are available in Stony Point, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3138+22.6%

Summary: The Stony Point real estate market had 38 homes for sale in November 2024, a 22.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2730
+11.1%
4 24
+100.0%
5+ 01
+100.0%

Summary: The Stony Point 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 increased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stony Point, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Stony Point in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Stony Point, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days50 Days+464.4%

Summary: Homes in Stony Point had an average of 50 days on market in Nov 2024, up by 464.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stony Point has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Stony Point; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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 18 Days Ago

Newest Listings in Stony Point, NC

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