Is Wade, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wade has remained a Seller's Market.
Key Takeaway
Wade is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wade, NC
How much do homes in Wade, NC cost?
Median Sold Price
$1,075,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wade have sold for 24.8% more than they did a year ago.
Summary: The median home sold price in Wade was $1,075,000 in May 2024, up 24.8% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $400K | N/A |
| 2 Bedrooms | $461.4K | $529K | +14.6% |
| 3 Bedrooms | $685K | $800K | +16.8% |
| 4 Bedrooms | $1.1M | $1.2M | +8.8% |
| 5+ Bedrooms | $1.7M | $1.5M | -6.9% |
Summary: Wade housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 6.9%.
Housing Supply in Wade, NC
How many homes are available in Wade, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 88 | -4.3% |
Summary: The Wade real estate market had 88 homes for sale in May 2024, a 4.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 27 | 25 | -7.4% |
Summary: The Wade housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wade, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Wade in May 2024, up by 25.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Wade, NC
How long does it take to sell a home in Wade, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 88 Days | 24 Days | -72.0% |
Summary: Homes in Wade had an average of 24 days on market in May 2024, down by 72% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wade are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Wade; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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