Is Valdese, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$234,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Valdese was $234,000 in March 2024, up 6.4% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $415K | N/A |
2 Bedrooms | $169.7K | $177.4K | +4.6% |
3 Bedrooms | $241.2K | $236.9K | -1.8% |
4 Bedrooms | $307.2K | $267.4K | -13.0% |
5+ Bedrooms | $318K | $369.9K | +16.3% |
Summary: Valdese housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
Valdese | $219.9K | $234K | +6.4% |
Lovelady Township | $234.9K | $249.8K | +6.4% |
Drexel | $209.5K | $214.5K | +2.4% |
Drexel Township | $225K | $230K | +2.2% |
Housing Supply in Valdese, NC
How many homes are available in Valdese, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 38 | +11.8% |
Summary: The Valdese real estate market had 38 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Valdese housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Valdese in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 61 Days | +20.3% |
Summary: Homes in Valdese had an average of 61 days on market in Mar 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Valdese; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.