Is Vance County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Vance County has remained a Seller's Market.
Housing Prices in Vance County, NC
How much do homes in Vance County, NC cost?
Median Sold Price
$245,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Vance County was $245,000 in April 2024, down 1.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130.2K | $50K | -61.6% |
2 Bedrooms | $83K | $150K | +80.7% |
3 Bedrooms | $230K | $247K | +7.4% |
4 Bedrooms | $338K | $298.7K | -11.6% |
5+ Bedrooms | $362.5K | $678K | +87.0% |
Summary: Vance County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.6%, 2 bedroom homes increased by 80.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes increased by 87%.
Median Sold Price Compared To Nearby Counties
Franklin County | $374.9K | $374.8K | 0% |
Granville County | $318.4K | $315K | -1.1% |
Vance County | $249.8K | $245K | -1.9% |
Housing Supply in Vance County, NC
How many homes are available in Vance County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 108 | +6.9% |
Summary: The Vance County real estate market had 108 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 62 | 65 | +4.8% |
4 Bedrooms | 17 | 24 | +41.2% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Vance County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 20 | -13.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Vance County in April 2024, down by 13.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Vance County, NC
How long does it take to sell a home in Vance County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 32 Days | -61.8% |
Summary: Homes in Vance County had an average of 32 days on market in Apr 2024, down by 61.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Vance County; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.