Housing in Advance, NC

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$356,500

Median List Price

$544,900

Price Per Sq Ft

$184

Days on Market

69

Active Inventory

17

Months of Supply

8.5

Buyer's market

Zillow Home Value

$396,302

ZHVI — January 2026

Zillow Rent Index

$2,262

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price 69.8%List Price 130.4%Mar 24Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

50.0%

Off Market in 2 Weeks

0.0%

Sale-to-List Ratio

99.7%

Buyer's market

Sold Above Asking
50.0%
Under Contract in 2 Wks
0.0%
Listings with Price Drops
23.5%

Market Activity

Source: Redfin

Homes Sold

2

New Listings

4

Pending Sales

4

Homes Sold 60.0%New Listings 20.0%Pending 20.0%Mar 24Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$184

Median List $/SF

$243

Sale $/SF 36.3%List $/SF 58.8%Mar 24Jan 26

Advance vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Advance is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$358,500

Median Rent

$865

Total Housing Units

620

Vacancy Rate

20.2%

Owner Occupied

81.8%

Renter Occupied

18.2%

Median Property Tax

$2,028

per year

Monthly Cost (w/ Mortgage)

$1,594

Housing Types

Single Family
93.2%
Multi-Family
4.0%
Mobile Home
2.7%

The current median sale price in Advance, NC is $356,500 according to Redfin data. Homes spend a median of 69 days on the market. 50.0% of homes sold above asking price. The market has 8.5 months of supply. The median price per square foot is $184. Zillow's observed rent index is $2,262/month. About 81.8% of housing units are owner-occupied. The median year homes were built is 1997. There are 620 total housing units.