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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Valdese is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Valdese was a Neutral Market.

Key Takeaway

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

Housing Prices in Valdese, NC

How much do homes in Valdese, NC cost?

Median Sold Price

$249,900

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,150(+2.5%)

Key Takeaway

Homes in Valdese have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Valdese was $249,900 in November 2024, up 2.5% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$149.9K
N/A
2 $170K$181.2K
+6.6%
3 $249.9K$270K
+8.0%
4 $281.1K$289.2K
+2.9%
5+ $894.7K$369.9K
-58.7%

Summary: Valdese 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 increased by 6.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 58.7%.

Median Sold Price Compared To Nearby Cities

Drexel
+6.1%
Drexel Township
+3.4%
Valdese
+2.5%
Lovelady Township
+1.9%

Housing Supply in Valdese, NC

How many homes are available in Valdese, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5356+5.7%

Summary: The Valdese real estate market had 56 homes for sale in November 2024, a 5.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 3233
+3.1%
4 1012
+20.0%
5+ 21
-50.0%

Summary: The Valdese 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 11.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Valdese, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Valdese in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for Valdese, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days80 Days+506.1%

Summary: Homes in Valdese had an average of 80 days on market in Nov 2024, up by 506.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in Valdese; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 17 Days Ago

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