Is Vance Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Vance Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $420.2K | N/A |
2 Bedrooms | $305K | $299K | -2.0% |
3 Bedrooms | $368.5K | $371.6K | +0.8% |
4 Bedrooms | $469.9K | $462K | -1.7% |
5+ Bedrooms | $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 | $419.6K | $429.5K | +2.3% |
Hemby Bridge | $340K | $345.4K | +1.6% |
Indian Trail | $420K | $424.7K | +1.1% |
Vance Township | $423.5K | $426.8K | +0.8% |
Lake Park | $389K | $370K | -4.9% |
Housing Supply in Vance Township, NC
How many homes are available in Vance Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
192 | 197 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 93 | 94 | +1.1% |
4 Bedrooms | 56 | 63 | +12.5% |
5+ Bedrooms | 27 | 25 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
49 | 49 | 0.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
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 2023 | Feb 2024 | CHANGE |
---|---|---|
53 Days | 40 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
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.