Is Vale, 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, Vale has remained a Seller's Market.
Key Takeaway
Vale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vale, NC
How much do homes in Vale, NC cost?
Median Sold Price
$267,500
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Vale have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Vale was $267,500 in March 2024, up 16.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $155K | $202.5K | +30.6% |
| 3 Bedrooms | $240K | $265K | +10.4% |
| 4 Bedrooms | $256.2K | $447K | +74.4% |
| 5+ Bedrooms | $367.5K | $455K | +23.8% |
Summary: Vale 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 30.6%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 74.4%, and 5+ bedroom homes increased by 23.8%.
Median Sold Price Compared To Nearby Cities
| North Brook Township | $197K | $270K | +37.1% |
| Bandy's Township | $195K | $267K | +36.9% |
| Vale | $230K | $267.5K | +16.3% |
| Howards Creek Township | $320K | $269.5K | -15.8% |
Housing Supply in Vale, NC
How many homes are available in Vale, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The Vale real estate market had 42 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Vale 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 33.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vale, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Vale in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for Vale, NC
How long does it take to sell a home in Vale, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 74 Days | 40 Days | -44.9% |
Summary: Homes in Vale had an average of 40 days on market in Mar 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Vale; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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