$115,000
1.34 Acres
Land
#100481716, Listing Office: ARLINGTON PLACE REALTY
Is Arapahoe, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Arapahoe has remained a Seller's Market.
Key Takeaway
Arapahoe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arapahoe, NC
How much do homes in Arapahoe, NC cost?
Median Sold Price
$380,000
$217/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$132,000(-25.8%)
Key Takeaway
Homes in Arapahoe have sold for 25.8% less than they did a month ago.
Summary: The median home sold price in Arapahoe was $380,000 in December 2024, down 25.8% from last month, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $85K | N/A |
| 3 Bedrooms | $512K | $380K | -25.8% |
| 4 Bedrooms | - | $700K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Arapahoe housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 25.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Minnesott Beach | $502K | $540K | +7.6% |
| Arapahoe | $512K | $380K | -25.8% |
Housing Supply in Arapahoe, NC
How many homes are available in Arapahoe, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Summary: The Arapahoe real estate market had 18 homes for sale in December 2024, a 21.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 15 | 10 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Arapahoe housing inventory by bedroom type for December 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Arapahoe, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Arapahoe in December 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Arapahoe, NC
How long does it take to sell a home in Arapahoe, NC?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 49 Days | 106 Days | +114.6% |
Summary: Homes in Arapahoe had an average of 106 days on market in Dec 2024, up by 114.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Arapahoe are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 5 homes were sold in Arapahoe; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
