Is Archdale, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Archdale is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Archdale has remained a Seller's Market.

Key Takeaway

Archdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Archdale, NC

How much do homes in Archdale, NC cost?

Median Sold Price

$236,500

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$1,500(+0.6%)

Key Takeaway

Homes in Archdale have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in Archdale was $236,500 in May 2024, up 0.6% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$77.5K
N/A
2 $125.5K$156.2K
+24.5%
3 $241K$240K
-0.4%
4 $365K$357.7K
-2.0%
5+ $419.9K$422.4K
+0.6%

Summary: Archdale 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 24.5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

Trinity
+6.7%
Trinity Township
+4.3%
High Point Township
+2.7%
Archdale
+0.6%
Jamestown Township
0.0%

Housing Supply in Archdale, NC

How many homes are available in Archdale, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3937-5.1%

Summary: The Archdale real estate market had 37 homes for sale in May 2024, a 5.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 1916
-15.8%
4 1011
+10.0%
5+ 00
0.0%

Summary: The Archdale 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 remained the same, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
10100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Archdale, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Archdale in May 2024, the same as the previous month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Archdale, NC

How long does it take to sell a home in Archdale, NC?

Average Sale Time

May 2023May 2024CHANGE
32 Days40 Days+24.9%

Summary: Homes in Archdale had an average of 40 days on market in May 2024, up by 24.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Archdale are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 10 homes were sold in Archdale; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Archdale, NC

Nearby Markets to Archdale, NC

What housing markets are near Archdale, NC?