Is Arcadia Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arcadia Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Arcadia Township was a Neutral Market.

Key Takeaway

Arcadia Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Arcadia Township, NC

How much do homes in Arcadia Township, NC cost?

Median Sold Price

$365,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,010(+12.3%)

Key Takeaway

Homes in Arcadia Township have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Arcadia Township was $365,000 in November 2024, up 12.3% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $50K-
N/A
2 $275K$307.5K
+11.8%
3 $318.5K$349K
+9.6%
4 $381K$415K
+8.9%
5+ $366.5K$380K
+3.7%

Summary: Arcadia Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities

Reedy Creek Township
+27.4%
Arcadia Township
+12.3%
Hampton Township
+5.8%
Midway
+4.1%
South Fork Township
-4.1%

Housing Supply in Arcadia Township, NC

How many homes are available in Arcadia Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9383-10.8%

Summary: The Arcadia Township real estate market had 83 homes for sale in November 2024, a 10.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 64
-33.3%
3 7160
-15.5%
4 1115
+36.4%
5+ 43
-25.0%

Summary: The Arcadia Township 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 33.3%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2320-13.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arcadia Township, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Arcadia Township in November 2024, down by 13.0% month-over-month. Of the 20 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% 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

Nov 2023Nov 2024CHANGE
37 Days59 Days+58.4%

Summary: Homes in Arcadia Township had an average of 59 days on market in Nov 2024, up by 58.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Arcadia Township has remained consistent over time.

Summary: During November 2024, 20 homes were sold in Arcadia Township; 35% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 20% 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 2 Days Ago

Newest Listings in Arcadia Township, NC

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