$2,494 Closing Credit*
$210,000
863 SqFt
2 Beds
•2 Full Baths
Kara Farrar, Listing Office: TKB Realty Group LLC
Is Archdale, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Archdale was a Seller's Market.
Key Takeaway
Archdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Archdale, NC
How much do homes in Archdale, NC cost?
Median Sold Price
$255,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+6.3%)
Key Takeaway
Homes in Archdale have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Archdale was $255,000 in November 2024, up 6.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $77.5K | N/A |
| 2 Bedrooms | $142.8K | $180K | +26.1% |
| 3 Bedrooms | $248.9K | $271K | +8.9% |
| 4 Bedrooms | $352K | $337.5K | -4.1% |
| 5+ Bedrooms | $419.9K | $485K | +15.5% |
Summary: Archdale 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 26.1%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Archdale | $240K | $255K | +6.3% |
| High Point Township | $250.4K | $255.3K | +1.9% |
| Trinity | $294.9K | $299.3K | +1.5% |
| Trinity Township | $272.2K | $272K | -0.1% |
| Jamestown Township | $347.9K | $329.9K | -5.2% |
Housing Supply in Archdale, NC
How many homes are available in Archdale, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 43 | -2.3% |
Summary: The Archdale real estate market had 43 homes for sale in November 2024, a 2.3% 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 | 11 | 8 | -27.3% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Archdale 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 27.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
3 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 Archdale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Archdale in November 2024, down by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Archdale, NC
How long does it take to sell a home in Archdale, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 56 Days | +125.0% |
Summary: Homes in Archdale had an average of 56 days on market in Nov 2024, up by 125% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Archdale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Archdale; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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