Is Vanceboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Vanceboro was a Seller's Market.
Key Takeaway
Vanceboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Vanceboro, NC
How much do homes in Vanceboro, NC cost?
Median Sold Price
$214,615
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Vanceboro have sold for 23.4% less than they did a year ago.
Summary: The median home sold price in Vanceboro was $214,615 in March 2024, down 23.4% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $134.2K | +22.0% |
| 3 Bedrooms | $274.2K | $215K | -21.6% |
| 4 Bedrooms | $289.2K | $320K | +10.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Vanceboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes increased by 10.6%, 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Summary: The Vanceboro real estate market had 12 homes for sale in March 2024, a 33.3% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 7 | -46.2% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Vanceboro 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 50%, 3 bedroom homes decreased by 46.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vanceboro, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Vanceboro in March 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 91 Days | 20 Days | -78.1% |
Summary: Homes in Vanceboro had an average of 20 days on market in Mar 2024, down by 78.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vanceboro are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 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.
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