Is Arcadia Township, 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, Arcadia Township was a Seller's Market.
Key Takeaway
Arcadia Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Arcadia Township, NC
How much do homes in Arcadia Township, NC cost?
Median Sold Price
$343,495
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Arcadia Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Arcadia Township was $343,495 in April 2024, up 1% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | $50K | -60.3% |
| 2 Bedrooms | $239.2K | $265K | +10.8% |
| 3 Bedrooms | $325.5K | $320K | -1.7% |
| 4 Bedrooms | $366.9K | $381K | +3.8% |
| 5+ Bedrooms | $355.9K | $372.9K | +4.8% |
Summary: Arcadia Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Reedy Creek Township | $300K | $390K | +30.0% |
| Midway | $287K | $303K | +5.6% |
| Hampton Township | $412.2K | $435K | +5.5% |
| Arcadia Township | $340K | $343.4K | +1.0% |
| South Fork Township | $308.7K | $299.5K | -3.0% |
Housing Supply in Arcadia Township, NC
How many homes are available in Arcadia Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 76 | +8.6% |
Summary: The Arcadia Township real estate market had 76 homes for sale in April 2024, a 8.6% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 45 | 53 | +17.8% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Arcadia Township 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 increased by 33.3%, 3 bedroom homes increased by 17.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arcadia Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Arcadia Township in April 2024, down by 40.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 46 Days | +8.1% |
Summary: Homes in Arcadia Township had an average of 46 days on market in Apr 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arcadia Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Arcadia Township; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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