Is Valdese, 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, Valdese has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $282.4K | N/A |
2 Bedrooms | $175K | $177.4K | +1.4% |
3 Bedrooms | $249.9K | $249.9K | 0.0% |
4 Bedrooms | $307.2K | $267.4K | -13.0% |
5+ Bedrooms | $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 | $234.4K | $260K | +10.9% |
Drexel Township | $222.5K | $245K | +10.1% |
Valdese | $234K | $241.4K | +3.2% |
Housing Supply in Valdese, NC
How many homes are available in Valdese, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 43 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 1 | 2 | +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 2024 | May 2024 | CHANGE |
---|---|---|
6 | 11 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 31 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
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.