Is Archdale, 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, Archdale has remained a Seller's Market.
Housing Prices in Archdale, NC
How much do homes in Archdale, NC cost?
Median Sold Price
$235,000
$160/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Archdale was $235,000 in April 2024, the same as last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $77.5K | N/A |
2 Bedrooms | $125.5K | $156.2K | +24.5% |
3 Bedrooms | $242K | $242.5K | 0.2% |
4 Bedrooms | $358.5K | $360.5K | +0.6% |
5+ Bedrooms | - | $420K | N/A |
Summary: Archdale 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 increased by 24.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Trinity | $285K | $304.4K | +6.8% |
Trinity Township | $260.6K | $276.6K | +6.1% |
High Point Township | $249.8K | $255.2K | +2.1% |
Jamestown Township | $326.3K | $330K | +1.1% |
Archdale | $235K | $235K | 0.0% |
Housing Supply in Archdale, NC
How many homes are available in Archdale, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 39 | -2.5% |
Summary: The Archdale real estate market had 39 homes for sale in April 2024, a 2.5% 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 | 12 | 10 | -16.7% |
3 Bedrooms | 19 | 18 | -5.3% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Archdale 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 16.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Archdale in April 2024, up by 11.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 27 Days | -16.4% |
Summary: Homes in Archdale had an average of 27 days on market in Apr 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Archdale; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.