Is Vanceboro, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vanceboro is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Vanceboro was a Buyer's Market.

Key Takeaway

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

Housing Prices in Vanceboro, NC

How much do homes in Vanceboro, NC cost?

Median Sold Price

$245,000

$153/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$77,500(-24.0%)

Key Takeaway

Homes in Vanceboro have sold for 24% less than they did a month ago.

Summary: The median home sold price in Vanceboro was $245,000 in September 2024, down 24% from last month, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $322.5K$294.8K
-8.6%
4 -$215K
N/A
5+ --
N/A

Summary: Vanceboro housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Vanceboro, NC

How many homes are available in Vanceboro, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1917-10.5%

Summary: The Vanceboro real estate market had 17 homes for sale in September 2024, a 10.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 129
-25.0%
4 55
0.0%
5+ 11
0.0%

Summary: The Vanceboro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vanceboro, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Vanceboro in September 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Vanceboro, NC

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

Average Sale Time

Aug 2024Sep 2024CHANGE
56 Days18 Days-67.7%

Summary: Homes in Vanceboro had an average of 18 days on market in Sep 2024, down by 67.7% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Vanceboro; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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