$5,344 Closing Credit*
$450,000
2,452 SqFt
3 Beds
•2 Full Baths, 1 Partial
Teresa T Montague, Listing Office: Berkshire Hathaway HomeService
Is Archer Lodge, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Archer Lodge was a Neutral Market.
Key Takeaway
Archer Lodge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Archer Lodge, NC
How much do homes in Archer Lodge, NC cost?
Median Sold Price
$420,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$77,500(+22.6%)
Key Takeaway
Homes in Archer Lodge have sold for 22.6% more than they did a year ago.
Summary: The median home sold price in Archer Lodge was $420,000 in October 2024, up 22.6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $317.5K | $340K | +7.1% |
| 4 Bedrooms | $550K | $482K | -12.4% |
| 5+ Bedrooms | - | $530K | N/A |
Summary: Archer Lodge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Archer Lodge | $342.5K | $420K | +22.6% |
| Wilders Township | $390.2K | $410K | +5.0% |
Housing Supply in Archer Lodge, NC
How many homes are available in Archer Lodge, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The Archer Lodge real estate market had 19 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Archer Lodge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Archer Lodge, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Archer Lodge in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Archer Lodge, NC
How long does it take to sell a home in Archer Lodge, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 95 Days | 21 Days | -78.0% |
Summary: Homes in Archer Lodge had an average of 21 days on market in Oct 2024, down by 78% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Archer Lodge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Archer Lodge; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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