$3,264 Closing Credit*
$274,900
1,640 SqFt
3 Beds
•2 Full Baths
Karrie Henderson, Listing Office: RealtySouth-I459 Southwest
Is Vance, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Vance has remained a Seller's Market.
Key Takeaway
Vance is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vance, AL
How much do homes in Vance, AL cost?
Median Sold Price
$296,750
$154/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$25,800(+9.5%)
Key Takeaway
Homes in Vance have sold for 9.5% more than they did a month ago.
Summary: The median home sold price in Vance was $296,750 in November 2024, up 9.5% from last month, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $270.9K | $283.5K | +4.6% |
| 4 Bedrooms | - | $310K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Vance housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Coaling-Vance | $272K | $310K | +14.0% |
| Vance | $270.9K | $296.7K | +9.5% |
| Abernant | $343K | $272.5K | -20.6% |
| Woodstock | $370K | $240.5K | -35.0% |
Housing Supply in Vance, AL
How many homes are available in Vance, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Vance real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Vance 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vance, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Vance in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Vance, AL
How long does it take to sell a home in Vance, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 83 Days | +406.1% |
Summary: Homes in Vance had an average of 83 days on market in Nov 2024, up by 406.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Vance are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Vance; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
