Is Archdale, 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, Archdale has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $77.5K | N/A |
2 Bedrooms | $125.5K | $156.2K | +24.5% |
3 Bedrooms | $241K | $240K | -0.4% |
4 Bedrooms | $365K | $357.7K | -2.0% |
5+ Bedrooms | $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 | $285K | $303.9K | +6.7% |
Trinity Township | $265.2K | $276.6K | +4.3% |
High Point Township | $250.2K | $257K | +2.7% |
Archdale | $235K | $236.5K | +0.6% |
Jamestown Township | $330K | $330K | 0.0% |
Housing Supply in Archdale, NC
How many homes are available in Archdale, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 37 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 19 | 16 | -15.8% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | May 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
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 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 40 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
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.