Is Archdale, 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, Archdale has remained a Seller's Market.
Housing Prices in Archdale, NC
How much do homes in Archdale, NC cost?
Median Sold Price
$239,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Archdale was $239,000 in March 2024, up 1.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $77.5K | N/A |
2 Bedrooms | $121K | $147.3K | +21.8% |
3 Bedrooms | $250K | $248.9K | -0.4% |
4 Bedrooms | $343K | $357.7K | +4.3% |
5+ Bedrooms | - | $420K | N/A |
Summary: Archdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.8%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
High Point Township | $209.8K | $247.6K | +18.0% |
Trinity Township | $255K | $283K | +11.0% |
Trinity | $276K | $304.9K | +10.5% |
Archdale | $236K | $239K | +1.3% |
Jamestown Township | $347.9K | $333.6K | -4.1% |
Housing Supply in Archdale, NC
How many homes are available in Archdale, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 43 | 0.0% |
Summary: The Archdale real estate market had 43 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Archdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Archdale in March 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 14 Days | -66.7% |
Summary: Homes in Archdale had an average of 14 days on market in Mar 2024, down by 66.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Archdale; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.