Is Wade, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wade is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Wade is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wade, NC

How much do homes in Wade, NC cost?

Median Sold Price

$1,000,000

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+2.0%)

Key Takeaway

Homes in Wade have sold for 2% more than they did a year ago.

Summary: The median home sold price in Wade was $1,000,000 in October 2024, up 2% from last year, and the median price per square foot was $404.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $400K-
N/A
2 $512.5K$522.5K
+2.0%
3 $737.5K$799.5K
+8.4%
4 $1.2M$1.1M
-3.3%
5+ $1.7M$1.4M
-12.8%

Summary: Wade 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 2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 12.8%.

Housing Supply in Wade, NC

How many homes are available in Wade, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6667+1.5%

Summary: The Wade real estate market had 67 homes for sale in October 2024, a 1.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 1815
-16.7%
4 2426
+8.3%
5+ 1819
+5.6%

Summary: The Wade 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 16.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wade, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Wade in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for Wade, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days53 Days+26.2%

Summary: Homes in Wade had an average of 53 days on market in Oct 2024, up by 26.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Wade; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% 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 20 Days Ago

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