$4,275 Closing Credit*
$360,000
1,424 SqFt
3 Beds
•2 Full Baths
Listing Office: Berkshire Hathaway HomeServices Blue Ridge REALTORS®
Is Vale, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$260,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+4.0%)
Key Takeaway
Homes in Vale have sold for 4% more than they did a year ago.
Summary: The median home sold price in Vale was $260,000 in October 2024, up 4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $234K | $157.5K | -32.7% |
| 3 Bedrooms | $259.5K | $265K | +2.1% |
| 4 Bedrooms | $403.7K | $443.5K | +9.8% |
| 5+ Bedrooms | $150K | $1.7M | +1051.7% |
Summary: Vale 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 decreased by 32.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 1051.7%.
Median Sold Price Compared To Nearby Cities
| Bandy's Township | $226K | $273.2K | +20.9% |
| Howards Creek Township | $285K | $315K | +10.5% |
| Vale | $250K | $260K | +4.0% |
| Jacobs Fork Township | $283.5K | $285K | 0.5% |
| North Brook Township | $249K | $246K | -1.2% |
Housing Supply in Vale, NC
How many homes are available in Vale, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 31 | -16.2% |
Summary: The Vale real estate market had 31 homes for sale in October 2024, a 16.2% decrease 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 | 5 | -16.7% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Vale 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 decreased by 16.7%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vale, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Vale in October 2024, up by 85.7% month-over-month. Of the 13 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 34 Days | -29.1% |
Summary: Homes in Vale had an average of 34 days on market in Oct 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Vale has remained consistent over time.
Summary: During October 2024, 13 homes were sold in Vale; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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