Is Vance County, 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, 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
$246,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Vance County was $246,000 in March 2024, up 0.3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.5K | $50K | -23.7% |
2 Bedrooms | $85K | $157.5K | +85.3% |
3 Bedrooms | $240K | $249K | +3.8% |
4 Bedrooms | $351.5K | $295K | -16.1% |
5+ Bedrooms | $393.7K | $366K | -7.0% |
Summary: Vance County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.7%, 2 bedroom homes increased by 85.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Counties
Vance County | $245.3K | $246K | 0.3% |
Franklin County | $373.8K | $370.4K | -0.9% |
Granville County | $320.1K | $314.9K | -1.6% |
Housing Supply in Vance County, NC
How many homes are available in Vance County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 98 | +5.4% |
Summary: The Vance County real estate market had 98 homes for sale in March 2024, a 5.4% 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 | 20 | 19 | -5.0% |
3 Bedrooms | 53 | 59 | +11.3% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Vance County 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 decreased by 5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Vance County in March 2024, up by 57.1% month-over-month. Of the 22 sold homes, 50% were sold under asking, 41% were sold at asking, and 9% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
93 Days | 58 Days | -37.6% |
Summary: Homes in Vance County had an average of 58 days on market in Mar 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Vance County; 27% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.