Is Archer Lodge, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Archer Lodge is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Archer Lodge was a Seller's Market.

Key Takeaway

Archer Lodge 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 Archer Lodge, NC

How much do homes in Archer Lodge, NC cost?

Median Sold Price

$420,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$78,000(+22.8%)

Key Takeaway

Homes in Archer Lodge have sold for 22.8% more than they did a year ago.

Summary: The median home sold price in Archer Lodge was $420,000 in September 2024, up 22.8% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $320K$340K
+6.3%
4 $550K$475K
-13.6%
5+ --
N/A

Summary: Archer Lodge housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Archer Lodge
+22.8%
Wilders Township
+5.0%

Housing Supply in Archer Lodge, NC

How many homes are available in Archer Lodge, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2318-21.7%

Summary: The Archer Lodge real estate market had 18 homes for sale in September 2024, a 21.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1813
-27.8%
4 44
0.0%
5+ 11
0.0%

Summary: The Archer Lodge housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
103-70.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Archer Lodge, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Archer Lodge in September 2024, down by 70.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Archer Lodge, NC

How long does it take to sell a home in Archer Lodge, NC?

Average Sale Time

Sep 2023Sep 2024CHANGE
66 Days26 Days-60.1%

Summary: Homes in Archer Lodge had an average of 26 days on market in Sep 2024, down by 60.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Archer Lodge are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Archer Lodge; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Archer Lodge, NC

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