Is Arden, 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, Arden has remained a Seller's Market.
Key Takeaway
Arden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arden, NC
How much do homes in Arden, NC cost?
Median Sold Price
$457,416
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Arden have sold for 1% less than they did a year ago.
Summary: The median home sold price in Arden was $457,416 in March 2024, down 1% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195K | N/A |
| 2 Bedrooms | $280K | $280K | 0.0% |
| 3 Bedrooms | $440K | $459K | +4.3% |
| 4 Bedrooms | $657.7K | $725K | +10.2% |
| 5+ Bedrooms | $747.5K | $726.4K | -2.8% |
Summary: Arden 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 did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Mills River | $524K | $592K | +13.0% |
| Avery Creek Township | $570K | $595K | +4.4% |
| Mills River Township | $447.5K | $459.5K | +2.7% |
| Arden | $462K | $457.4K | -1.0% |
| Limestone Township | $500K | $449K | -10.2% |
Housing Supply in Arden, NC
How many homes are available in Arden, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 92 | +12.2% |
Summary: The Arden real estate market had 92 homes for sale in March 2024, a 12.2% 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 | 10 | 7 | -30.0% |
| 3 Bedrooms | 46 | 50 | +8.7% |
| 4 Bedrooms | 21 | 28 | +33.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Arden 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 decreased by 30%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arden, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Arden in March 2024, up by 35.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 26% were sold at asking, and 30% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 42 Days | -37.6% |
Summary: Homes in Arden had an average of 42 days on market in Mar 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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 March 2024, 23 homes were sold in Arden; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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