Listing Office: West Maple Realty LLC
Is Valdese, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Valdese has remained a Seller's Market.
Housing Prices in Valdese, NC
How much do homes in Valdese, NC cost?
Median Sold Price
$259,900
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in Valdese was $259,900 in October 2024, up 7.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $149.9K | N/A |
2 Bedrooms | $175K | $181.2K | +3.6% |
3 Bedrooms | $249.9K | $275.9K | +10.4% |
4 Bedrooms | $307.2K | $288.5K | -6.1% |
5+ Bedrooms | $894.7K | $369.9K | -58.7% |
Summary: Valdese housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 58.7%.
Median Sold Price Compared To Nearby Cities
Valdese | $241.2K | $259.9K | +7.8% |
Lovelady Township | $249.8K | $262.5K | +5.1% |
Drexel | $212K | $220K | +3.8% |
Rutherford College | $275K | $280K | +1.8% |
Drexel Township | $230K | $224K | -2.6% |
Housing Supply in Valdese, NC
How many homes are available in Valdese, NC?
Number of Homes For Sale
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
41 | 52 | +26.8% |
Summary: The Valdese real estate market had 52 homes for sale in October 2024, a 26.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 23 | 30 | +30.4% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Valdese housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 30.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
2 | 10 | +400.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Valdese in October 2024, up by 400.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
36 Days | 34 Days | -5.9% |
Summary: Homes in Valdese had an average of 34 days on market in Oct 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During October 2024, 10 homes were sold in Valdese; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.