$7,582 Closing Credit*
$638,490
2,800 SqFt
3 Beds
•3 Full Baths
#100476834, Listing Office: Real Broker LLC
Is Wallace, 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, Wallace was a Seller's Market.
Key Takeaway
Wallace is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wallace, NC
How much do homes in Wallace, NC cost?
Median Sold Price
$310,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$82,000(+36.0%)
Key Takeaway
Homes in Wallace have sold for 36% more than they did a year ago.
Summary: The median home sold price in Wallace was $310,000 in October 2024, up 36% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $149K | -12.4% |
| 3 Bedrooms | $211K | $276K | +30.8% |
| 4 Bedrooms | $625.5K | $497.5K | -20.5% |
| 5+ Bedrooms | $750K | $850K | +13.3% |
Summary: Wallace 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 12.4%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Union Township | $226.2K | $332.5K | +47.0% |
| Wallace | $228K | $310K | +36.0% |
| Island Creek Township | $228K | $255K | +11.8% |
Housing Supply in Wallace, NC
How many homes are available in Wallace, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 73 | -6.4% |
Summary: The Wallace real estate market had 73 homes for sale in October 2024, a 6.4% 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 | 4 | 1 | -75.0% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 40 | 36 | -10.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Wallace 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 75%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wallace, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Wallace in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Wallace, NC
How long does it take to sell a home in Wallace, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 59 Days | -5.0% |
Summary: Homes in Wallace had an average of 59 days on market in Oct 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wallace are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Wallace; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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