Is Vance Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$429,945
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Vance Township have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Vance Township was $429,945 in April 2024, up 1.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270.1K | N/A |
| 2 Bedrooms | $291.5K | $301K | +3.3% |
| 3 Bedrooms | $369K | $373K | +1.1% |
| 4 Bedrooms | $475K | $466.5K | -1.8% |
| 5+ Bedrooms | $567.7K | $567.4K | 0% |
Summary: Vance Township 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 3.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hemby Bridge | $327.5K | $345.9K | +5.6% |
| Indian Trail | $419.2K | $426.9K | +1.8% |
| Vance Township | $424.8K | $429.9K | +1.2% |
| Lake Park | $384.2K | $380K | -1.1% |
| Stallings | $432.7K | $422.5K | -2.4% |
Housing Supply in Vance Township, NC
How many homes are available in Vance Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 235 | 240 | +2.1% |
Summary: The Vance Township real estate market had 240 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 15 | -31.8% |
| 3 Bedrooms | 102 | 105 | +2.9% |
| 4 Bedrooms | 73 | 79 | +8.2% |
| 5+ Bedrooms | 38 | 41 | +7.9% |
Summary: The Vance Township 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 decreased by 31.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 7.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 75 | +7.1% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vance Township, you may be able to get a good deal. 49.3% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in Vance Township in April 2024, up by 7.1% month-over-month. Of the 75 sold homes, 49% were sold under asking, 21% were sold at asking, and 29% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 21 Days | -43.9% |
Summary: Homes in Vance Township had an average of 21 days on market in Apr 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vance Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 75 homes were sold in Vance Township; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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