Is 27011, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 27011 has remained a Seller's Market.
Key Takeaway
27011 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27011, NC
How much do homes in 27011, NC cost?
Median Sold Price
$240,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27011 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 27011 was $240,000 in March 2024, up 4.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $190K | -9.5% |
| 3 Bedrooms | $235K | $240K | +2.1% |
| 4 Bedrooms | $332.2K | $674K | +102.9% |
| 5+ Bedrooms | - | $260.5K | N/A |
Summary: 27011 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 102.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 27055 | $248K | $263.7K | +6.4% |
| 27011 | $230K | $240K | +4.3% |
| 27018 | $280K | $263.9K | -5.7% |
Housing Supply in 27011, NC
How many homes are available in 27011, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The 27011 real estate market had 11 homes for sale in March 2024, a 21.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27011 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27011, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 27011 in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for 27011, NC
How long does it take to sell a home in 27011, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 72 Days | 4 Days | -93.4% |
Summary: Homes in 27011 had an average of 4 days on market in Mar 2024, down by 93.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27011 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 27011; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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