Is Vance County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vance County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Vance County was a Seller's Market.

Key Takeaway

Vance County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Vance County, NC

How much do homes in Vance County, NC cost?

Median Sold Price

$250,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,000(+3.7%)

Key Takeaway

Homes in Vance County have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Vance County was $250,000 in October 2024, up 3.7% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $65.5K$334K
+409.9%
2 $125K$175K
+40.0%
3 $239.9K$246K
+2.5%
4 $365K$315K
-13.7%
5+ $683K$300K
-56.1%

Summary: Vance County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 409.9%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes decreased by 56.1%.

Median Sold Price Compared To Nearby Counties

Vance County
+3.7%
Granville County
+2.1%
Franklin County
+1.4%

Housing Supply in Vance County, NC

How many homes are available in Vance County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
148151+2.0%

Summary: The Vance County real estate market had 151 homes for sale in October 2024, a 2.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2220
-9.1%
3 8691
+5.8%
4 3335
+6.1%
5+ 64
-33.3%

Summary: The Vance County 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 9.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2523-8.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vance County, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Vance County in October 2024, down by 8.0% month-over-month. Of the 23 sold homes, 61% were sold under asking, 30% were sold at asking, and 9% were sold over asking.

Days on Market for Vance County, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
80 Days24 Days-69.3%

Summary: Homes in Vance County had an average of 24 days on market in Oct 2024, down by 69.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 23 homes were sold in Vance County; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% 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

Newest Listings in Vance County, NC

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