Is Arden, 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, Arden was a Seller's Market.
Housing Prices in Arden, NC
How much do homes in Arden, NC cost?
Median Sold Price
$449,666
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arden was $449,666 in April 2024, down 5.3% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $195K | N/A |
2 Bedrooms | $280K | $285K | +1.8% |
3 Bedrooms | $442.5K | $459.5K | +3.8% |
4 Bedrooms | $675.4K | $725K | +7.3% |
5+ Bedrooms | $792.8K | $595K | -25.0% |
Summary: Arden 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 1.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 25%.
Median Sold Price Compared To Nearby Cities
Mills River | $550K | $599K | +8.9% |
Mills River Township | $442.5K | $469.3K | +6.1% |
Avery Creek Township | $582K | $590K | +1.4% |
Arden | $475K | $449.6K | -5.3% |
Limestone Township | $500K | $449K | -10.2% |
Housing Supply in Arden, NC
How many homes are available in Arden, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 110 | +25.0% |
Summary: The Arden real estate market had 110 homes for sale in April 2024, a 25.0% 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 | 8 | 12 | +50.0% |
3 Bedrooms | 50 | 55 | +10.0% |
4 Bedrooms | 23 | 33 | +43.5% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Arden 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 50%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 14 | -39.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Arden in April 2024, down by 39.1% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 30 Days | -54.6% |
Summary: Homes in Arden had an average of 30 days on market in Apr 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Arden; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.