Is Arcadia Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Arcadia Township has remained a Seller's Market.
Housing Prices in Arcadia Township, NC
How much do homes in Arcadia Township, NC cost?
Median Sold Price
$349,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Arcadia Township was $349,000 in May 2024, up 1.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126K | $50K | -60.3% |
2 Bedrooms | $245K | $263.5K | +7.6% |
3 Bedrooms | $326K | $340K | +4.3% |
4 Bedrooms | $372.1K | $380K | +2.1% |
5+ Bedrooms | $355.9K | $373.5K | +4.9% |
Summary: Arcadia Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.3%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
Reedy Creek Township | $302K | $390K | +29.1% |
Midway | $289K | $304K | +5.2% |
Arcadia Township | $342.9K | $349K | +1.8% |
Hampton Township | $414.5K | $417.2K | +0.7% |
South Fork Township | $310K | $299.5K | -3.4% |
Housing Supply in Arcadia Township, NC
How many homes are available in Arcadia Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 85 | +11.8% |
Summary: The Arcadia Township real estate market had 85 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 52 | 59 | +13.5% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Arcadia Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Arcadia Township in May 2024, up by 21.4% month-over-month. Of the 17 sold homes, 41% were sold under asking, 35% were sold at asking, and 24% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 33 Days | -31.1% |
Summary: Homes in Arcadia Township had an average of 33 days on market in May 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Arcadia Township; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.