Is Valdese, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Valdese was a Seller's Market.
Key Takeaway
Valdese is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Valdese, NC
How much do homes in Valdese, NC cost?
Median Sold Price
$239,900
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Valdese have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Valdese was $239,900 in April 2024, up 9.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $415K | N/A |
| 2 Bedrooms | $175K | $179.9K | +2.8% |
| 3 Bedrooms | $242.5K | $242.9K | 0.2% |
| 4 Bedrooms | $314.3K | $245K | -22.1% |
| 5+ Bedrooms | $318K | $369.9K | +16.3% |
Summary: Valdese housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 22.1%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Drexel | $213.5K | $250K | +17.1% |
| Lovelady Township | $234.4K | $257.5K | +9.9% |
| Valdese | $218.9K | $239.9K | +9.6% |
| Drexel Township | $225K | $245K | +8.9% |
| Rutherford College | $255.5K | $275K | +7.6% |
Housing Supply in Valdese, NC
How many homes are available in Valdese, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 41 | +17.1% |
Summary: The Valdese real estate market had 41 homes for sale in April 2024, a 17.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Valdese housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valdese, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Valdese in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Valdese, NC
How long does it take to sell a home in Valdese, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 23 Days | -34.6% |
Summary: Homes in Valdese had an average of 23 days on market in Apr 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Valdese are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Valdese; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.