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 November 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

$425,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,514(-0.4%)

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 $425,000 in November 2024, down 0.4% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $420.2K$120K
-71.4%
2 $295K$299K
+1.4%
3 $370K$370K
0.0%
4 $465.1K$478.5K
+2.9%
5+ $570K$575.9K
+1.0%

Summary: Vance Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.4%, 2 bedroom homes increased by 1.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Cities

Lake Park
+4.0%
Stallings
+3.4%
Hemby Bridge
+1.5%
Indian Trail
0.1%
Vance Township
-0.4%

Housing Supply in Vance Township, NC

How many homes are available in Vance Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
268261-2.6%

Summary: The Vance Township real estate market had 261 homes for sale in November 2024, a 2.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 912
+33.3%
3 147134
-8.8%
4 7484
+13.5%
5+ 3730
-18.9%

Summary: The Vance Township 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 33.3%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 18.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6371+12.7%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

12 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. 59.2% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Vance Township in November 2024, up by 12.7% month-over-month. Of the 71 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
30 Days38 Days+24.5%

Summary: Homes in Vance Township had an average of 38 days on market in Nov 2024, up by 24.5% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

9 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 November 2024, 71 homes were sold in Vance Township; 54% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% 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 18 Days Ago

Newest Listings in Vance Township, NC

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