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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Valdese is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Valdese, NC

How much do homes in Valdese, NC cost?

Median Sold Price

$241,400

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,400(+3.2%)

Key Takeaway

Homes in Valdese have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Valdese was $241,400 in May 2024, up 3.2% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$282.4K
N/A
2 $175K$177.4K
+1.4%
3 $249.9K$249.9K
0.0%
4 $307.2K$267.4K
-13.0%
5+ $318K$369.9K
+16.3%

Summary: Valdese housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Cities

Lovelady Township
+10.9%
Drexel Township
+10.1%
Valdese
+3.2%

Housing Supply in Valdese, NC

How many homes are available in Valdese, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3743+16.2%

Summary: The Valdese real estate market had 43 homes for sale in May 2024, a 16.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 1011
+10.0%
3 2323
0.0%
4 25
+150.0%
5+ 12
+100.0%

Summary: The Valdese housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Valdese, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Valdese in May 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.

Days on Market for Valdese, NC

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

Average Sale Time

May 2023May 2024CHANGE
12 Days31 Days+147.1%

Summary: Homes in Valdese had an average of 31 days on market in May 2024, up by 147.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 11 homes were sold in Valdese; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 1 Day Ago

Newest Listings in Valdese, NC

Nearby Markets to Valdese, NC

What housing markets are near Valdese, NC?