Is Archer Lodge, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Archer Lodge was a Seller's Market.
Key Takeaway
Archer Lodge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Archer Lodge, NC
How much do homes in Archer Lodge, NC cost?
Median Sold Price
$386,750
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Archer Lodge have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Archer Lodge was $386,750 in April 2024, down 4.4% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $355K | $334.9K | -5.7% |
| 4 Bedrooms | $580K | $515K | -11.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Archer Lodge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wilders Township | $403.4K | $401.2K | -0.5% |
| Archer Lodge | $404.3K | $386.7K | -4.4% |
Housing Supply in Archer Lodge, NC
How many homes are available in Archer Lodge, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The Archer Lodge real estate market had 10 homes for sale in April 2024, a 28.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 5 | -50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Archer Lodge housing inventory by bedroom type for April 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 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Archer Lodge, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Archer Lodge in April 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Archer Lodge, NC
How long does it take to sell a home in Archer Lodge, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 6 Days | -83.3% |
Summary: Homes in Archer Lodge had an average of 6 days on market in Apr 2024, down by 83.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Archer Lodge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Archer Lodge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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