$209,900
1.60 Acres
Land
#100475984, Listing Office: Realty ONE Group East
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
Last month, Arapahoe was a Neutral 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
$512,000
$272/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$102,750(+25.1%)
Key Takeaway
Homes in Arapahoe have sold for 25.1% more than they did a month ago.
Summary: The median home sold price in Arapahoe was $512,000 in November 2024, up 25.1% from last month, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | - | N/A |
| 3 Bedrooms | $409.2K | $512K | +25.1% |
| 4 Bedrooms | $755K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Arapahoe housing prices by bedroom type for November 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 increased by 25.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Minnesott Beach | $299.5K | $502K | +67.6% |
| Arapahoe | $409.2K | $512K | +25.1% |
Housing Supply in Arapahoe, NC
How many homes are available in Arapahoe, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The Arapahoe real estate market had 22 homes for sale in November 2024, a 18.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Arapahoe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arapahoe, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Arapahoe in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 108 Days | 49 Days | -54.5% |
Summary: Homes in Arapahoe had an average of 49 days on market in Nov 2024, down by 54.5% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Arapahoe are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Arapahoe; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
