Is Vance Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vance Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Vance Township has remained a Seller's Market.

Key Takeaway

Vance Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Vance Township, NC

How much do homes in Vance Township, NC cost?

Median Sold Price

$426,832

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$3,298(+0.8%)

Key Takeaway

Homes in Vance Township have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Vance Township was $426,832 in February 2024, up 0.8% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$420.2K
N/A
2 $305K$299K
-2.0%
3 $368.5K$371.6K
+0.8%
4 $469.9K$462K
-1.7%
5+ $557K$574.4K
+3.1%

Summary: Vance Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Cities

Stallings
+2.3%
Hemby Bridge
+1.6%
Indian Trail
+1.1%
Vance Township
+0.8%
Lake Park
-4.9%

Housing Supply in Vance Township, NC

How many homes are available in Vance Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
192197+2.6%

Summary: The Vance Township real estate market had 197 homes for sale in February 2024, a 2.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1615
-6.3%
3 9394
+1.1%
4 5663
+12.5%
5+ 2725
-7.4%

Summary: The Vance Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 7.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
49490.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vance Township, you may be able to get a good deal. 49% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in Vance Township in February 2024, the same as the previous month. Of the 49 sold homes, 49% were sold under asking, 20% were sold at asking, and 31% were sold over asking.

Days on Market for Vance Township, NC

How long does it take to sell a home in Vance Township, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
53 Days40 Days-23.9%

Summary: Homes in Vance Township had an average of 40 days on market in Feb 2024, down by 23.9% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Vance Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 49 homes were sold in Vance Township; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Vance Township, NC

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