$5,878 Closing Credit*
$495,000
2,544 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michelle Jarman - Casey, Listing Office: HomeTowne Realty
Is Archer Lodge, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Archer Lodge has remained a Seller's 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
$415,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$71,500(+20.8%)
Key Takeaway
Homes in Archer Lodge have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in Archer Lodge was $415,000 in November 2024, up 20.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $321K | $337.9K | +5.3% |
| 4 Bedrooms | $517.5K | $489K | -5.5% |
| 5+ Bedrooms | - | $530K | N/A |
Summary: Archer Lodge 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 did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Archer Lodge | $343.5K | $415K | +20.8% |
| Wilders Township | $391.7K | $410K | +4.7% |
Housing Supply in Archer Lodge, NC
How many homes are available in Archer Lodge, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Summary: The Archer Lodge real estate market had 15 homes for sale in November 2024, a 25.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Archer Lodge 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 remained the same, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Archer Lodge in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 49 Days | -12.8% |
Summary: Homes in Archer Lodge had an average of 49 days on market in Nov 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 7 homes were sold in Archer Lodge; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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