Is Vale, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Vale was a Neutral Market.
Key Takeaway
Vale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vale, NC
How much do homes in Vale, NC cost?
Median Sold Price
$265,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Vale have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Vale was $265,000 in May 2024, up 13.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $202.5K | $212.5K | +4.9% |
| 3 Bedrooms | $240K | $260K | +8.3% |
| 4 Bedrooms | $272.5K | $447K | +64.0% |
| 5+ Bedrooms | $367.5K | $455K | +23.8% |
Summary: Vale 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 4.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 64%, and 5+ bedroom homes increased by 23.8%.
Median Sold Price Compared To Nearby Cities
| Bandy's Township | $192K | $280.2K | +46.0% |
| North Brook Township | $202K | $260K | +28.7% |
| Jacobs Fork Township | $256K | $295K | +15.2% |
| Vale | $234K | $265K | +13.2% |
| Howards Creek Township | $306.9K | $275.2K | -10.4% |
Housing Supply in Vale, NC
How many homes are available in Vale, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The Vale real estate market had 34 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 31 | 28 | -9.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Vale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vale, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Vale in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Vale, NC
How long does it take to sell a home in Vale, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 51 Days | +196.2% |
Summary: Homes in Vale had an average of 51 days on market in May 2024, up by 196.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Vale; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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