Is Ardmore, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ardmore has remained a Seller's Market.
Key Takeaway
Ardmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ardmore, NC
How much do homes in Ardmore, NC cost?
Median Sold Price
$310,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ardmore have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Ardmore was $310,000 in April 2024, up 3.3% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232K | $195K | -15.9% |
| 3 Bedrooms | $303.7K | $310K | +2.1% |
| 4 Bedrooms | $380K | $435K | +14.5% |
| 5+ Bedrooms | $571K | $425K | -25.6% |
Summary: Ardmore 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 decreased by 15.9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 25.6%.
Housing Supply in Ardmore, NC
How many homes are available in Ardmore, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 65 | +20.4% |
Summary: The Ardmore real estate market had 65 homes for sale in April 2024, a 20.4% increase 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 | 11 | 7 | -36.4% |
| 3 Bedrooms | 33 | 50 | +51.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Ardmore 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 decreased by 36.4%, 3 bedroom homes increased by 51.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ardmore, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Ardmore in April 2024, up by 40.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% were sold over asking.
Days on Market for Ardmore, NC
How long does it take to sell a home in Ardmore, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 11 Days | +76.8% |
Summary: Homes in Ardmore had an average of 11 days on market in Apr 2024, up by 76.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ardmore are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Ardmore; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
