Is 27012, 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, 27012 has remained a Seller's Market.
Key Takeaway
27012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27012, NC
How much do homes in 27012, NC cost?
Median Sold Price
$393,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27012 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 27012 was $393,000 in March 2024, up 4.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.9K | $60K | -76.0% |
| 2 Bedrooms | $197K | $227.6K | +15.5% |
| 3 Bedrooms | $322.5K | $350K | +8.5% |
| 4 Bedrooms | $450K | $462K | +2.7% |
| 5+ Bedrooms | $520K | $583.5K | +12.2% |
Summary: 27012 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in 27012, NC
How many homes are available in 27012, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 96 | 116 | +20.8% |
Summary: The 27012 real estate market had 116 homes for sale in March 2024, a 20.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 41 | 51 | +24.4% |
| 4 Bedrooms | 39 | 46 | +17.9% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 27012 housing inventory by bedroom type for March 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 24.4%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 34 | +25.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27012, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 27012 in March 2024, up by 25.9% month-over-month. Of the 34 sold homes, 56% were sold under asking, 32% were sold at asking, and 12% were sold over asking.
Days on Market for 27012, NC
How long does it take to sell a home in 27012, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 48 Days | +75.4% |
Summary: Homes in 27012 had an average of 48 days on market in Mar 2024, up by 75.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27012 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 34 homes were sold in 27012; 56% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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