Is Vance Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Vance Township has remained a Seller's Market.
Housing Prices in Vance Township, NC
How much do homes in Vance Township, NC cost?
Median Sold Price
$426,473
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Vance Township was $426,473 in May 2024, up 0.6% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420.2K | $120K | -71.4% |
2 Bedrooms | $295K | $300K | +1.7% |
3 Bedrooms | $366.1K | $373K | +1.9% |
4 Bedrooms | $471K | $466K | -1.1% |
5+ Bedrooms | $567.7K | $573.8K | +1.1% |
Summary: Vance Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.4%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Indian Trail | $418.2K | $426.6K | +2.0% |
Lake Park | $380K | $387.5K | +2.0% |
Vance Township | $423.7K | $426.4K | +0.6% |
Stallings | $426.4K | $422.5K | -0.9% |
Housing Supply in Vance Township, NC
How many homes are available in Vance Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
247 | 272 | +10.1% |
Summary: The Vance Township real estate market had 272 homes for sale in May 2024, a 10.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 11 | -31.3% |
3 Bedrooms | 113 | 131 | +15.9% |
4 Bedrooms | 79 | 94 | +19.0% |
5+ Bedrooms | 39 | 36 | -7.7% |
Summary: The Vance Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 31.3%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 63 | -24.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Vance Township in May 2024, down by 24.1% month-over-month. Of the 63 sold homes, 40% were sold under asking, 24% were sold at asking, and 37% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 15 Days | -55.7% |
Summary: Homes in Vance Township had an average of 15 days on market in May 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 63 homes were sold in Vance Township; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.