Is Arcadia Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Arcadia Township has remained a Seller's Market.
Housing Prices in Arcadia Township, NC
How much do homes in Arcadia Township, NC cost?
Median Sold Price
$338,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Arcadia Township was $338,000 in March 2024, up 4% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126K | $50K | -60.3% |
2 Bedrooms | $233.5K | $275K | +17.8% |
3 Bedrooms | $325K | $315.9K | -2.8% |
4 Bedrooms | $383.5K | $395K | +3.0% |
5+ Bedrooms | $390K | $369.4K | -5.3% |
Summary: Arcadia Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.3%, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Cities
Reedy Creek Township | $295.5K | $309.9K | +4.9% |
Arcadia Township | $325K | $338K | +4.0% |
Midway | $293K | $300K | +2.4% |
South Fork Township | $302.5K | $299.5K | -1.0% |
Hampton Township | $459.9K | $433.5K | -5.7% |
Housing Supply in Arcadia Township, NC
How many homes are available in Arcadia Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 64 | +12.3% |
Summary: The Arcadia Township real estate market had 64 homes for sale in March 2024, a 12.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 35 | 43 | +22.9% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Arcadia Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 21 | +75.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Arcadia Township in March 2024, up by 75.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 38% were sold at asking, and 5% were sold over asking.
Days on Market for Arcadia Township, NC
How long does it take to sell a home in Arcadia Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 84 Days | +149.9% |
Summary: Homes in Arcadia Township had an average of 84 days on market in Mar 2024, up by 149.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Arcadia Township; 43% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.