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 neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Arcadia Township was a Seller's Market.

Key Takeaway

Arcadia Township 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 Arcadia Township, NC

How much do homes in Arcadia Township, NC cost?

Median Sold Price

$360,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$39,500(+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 $360,000 in December 2024, up 12.3% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $50K-
N/A
2 $285K$295K
+3.5%
3 $318.4K$345.9K
+8.6%
4 $380K$415K
+9.2%
5+ $355K$380K
+7.0%

Summary: Arcadia Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Reedy Creek Township
+26.5%
Arcadia Township
+12.3%
Hampton Township
+3.3%
Midway
-2.0%

Housing Supply in Arcadia Township, NC

How many homes are available in Arcadia Township, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8369-16.9%

Summary: The Arcadia Township real estate market had 69 homes for sale in December 2024, a 16.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 6253
-14.5%
4 1410
-28.6%
5+ 31
-66.7%

Summary: The Arcadia Township 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 increased by 25%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2111-47.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was 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. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Arcadia Township in December 2024, down by 47.6% month-over-month. Of the 11 sold homes, 45% were sold under asking, 45% were sold at asking, and 9% 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

Dec 2023Dec 2024CHANGE
52 Days21 Days-59.1%

Summary: Homes in Arcadia Township had an average of 21 days on market in Dec 2024, down by 59.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 11 homes were sold in Arcadia Township; 73% of homes were sold within 30 days, 27% 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 4 Days Ago

Newest Listings in Arcadia Township, NC

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