Is Vale, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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
How much do homes in Vale, NC cost?
Median Sold Price
$243,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Vale have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Vale was $243,000 in August 2023, up 10.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $155K | $202.5K | +30.6% |
| 3 Bedrooms | $242.5K | $250K | +3.1% |
| 4 Bedrooms | $237.5K | $361.2K | +52.1% |
| 5+ Bedrooms | $585K | $150K | -74.4% |
Summary: Vale housing prices by bedroom type for August 2023 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 3.1%, 4 bedroom homes increased by 52.1%, and 5+ bedroom homes decreased by 74.4%.
Median Sold Price Compared To Nearby Cities
| Bandy's Township | $189.9K | $210.5K | +10.8% |
| Vale | $219.9K | $243K | +10.5% |
| Howards Creek Township | $290K | $285K | -1.7% |
| Jacobs Fork Township | $278.5K | $272K | -2.3% |
Housing Supply
How many homes are available in Vale, NC?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Summary: The Vale real estate market had 37 homes for sale in August 2023, a 7.5% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Vale housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 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 August 2023, down by 18.2% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market
How long does it take to sell a home in Vale, NC?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 9 Days | 46 Days | +375.1% |
Summary: Homes in Vale had an average of 46 days on market in Aug 2023, up by 375.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Vale are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 9 homes were sold in Vale; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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