Is Arden, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Arden was a Seller's Market.
Key Takeaway
Arden is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Arden, NC
How much do homes in Arden, NC cost?
Median Sold Price
$456,833
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Arden have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Arden was $456,833 in May 2024, down 2.9% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195K | N/A |
| 2 Bedrooms | $275K | $285K | +3.6% |
| 3 Bedrooms | $445K | $460K | +3.4% |
| 4 Bedrooms | $700K | $750K | +7.1% |
| 5+ Bedrooms | $747.5K | $660K | -11.7% |
Summary: Arden 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 3.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Mills River | $537.5K | $615K | +14.4% |
| Mills River Township | $445K | $473.6K | +6.4% |
| Avery Creek Township | $570.2K | $589.9K | +3.5% |
| Arden | $470.5K | $456.8K | -2.9% |
| Limestone Township | $503K | $473.2K | -5.9% |
Housing Supply in Arden, NC
How many homes are available in Arden, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 115 | 152 | +32.2% |
Summary: The Arden real estate market had 152 homes for sale in May 2024, a 32.2% increase 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 | 11 | 12 | +9.1% |
| 3 Bedrooms | 55 | 81 | +47.3% |
| 4 Bedrooms | 37 | 42 | +13.5% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Arden 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 9.1%, 3 bedroom homes increased by 47.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arden, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Arden in May 2024, up by 33.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Arden, NC
How long does it take to sell a home in Arden, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 30 Days | -12.7% |
Summary: Homes in Arden had an average of 30 days on market in May 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arden are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Arden; 79% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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