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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vance Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Vance Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Vance Township, NC

How much do homes in Vance Township, NC cost?

Median Sold Price

$426,070

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$537(-0.1%)

Key Takeaway

The sold price of homes in Vance Township has remained the same since last year.

Summary: The median home sold price in Vance Township was $426,070 in October 2024, down 0.1% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $420.2K$120K
-71.4%
2 $295K$299.4K
+1.5%
3 $373K$370K
-0.8%
4 $465.6K$476.4K
+2.3%
5+ $564.5K$576.9K
+2.2%

Summary: Vance Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.4%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Lake Park
+6.8%
Stallings
+2.6%
Indian Trail
0.1%
Vance Township
-0.1%

Housing Supply in Vance Township, NC

How many homes are available in Vance Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
265278+4.9%

Summary: The Vance Township real estate market had 278 homes for sale in October 2024, a 4.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 108
-20.0%
3 134149
+11.2%
4 7877
-1.3%
5+ 4242
0.0%

Summary: The Vance Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6058-3.3%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vance Township, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in Vance Township in October 2024, down by 3.3% month-over-month. Of the 58 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.

Days on Market for Vance Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days33 Days+22.7%

Summary: Homes in Vance Township had an average of 33 days on market in Oct 2024, up by 22.7% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 58 homes were sold in Vance Township; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% 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 Township, NC

Nearby Markets to Vance Township, NC

What housing markets are near Vance Township, NC?