Is 27023, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 27023 was a Seller's Market.
Housing Prices in 27023, NC
How much do homes in 27023, NC cost?
Median Sold Price
$424,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 27023 was $424,500 in April 2024, up 6.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97K | $125K | +28.9% |
2 Bedrooms | $167.5K | $199.5K | +19.1% |
3 Bedrooms | $336.5K | $327K | -2.8% |
4 Bedrooms | $540K | $571K | +5.7% |
5+ Bedrooms | $700K | $775K | +10.7% |
Summary: 27023 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.9%, 2 bedroom homes increased by 19.1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in 27023, NC
How many homes are available in 27023, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 78 | +8.3% |
Summary: The 27023 real estate market had 78 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 32 | 34 | +6.3% |
4 Bedrooms | 28 | 30 | +7.1% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 27023 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 11 | -52.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 27023 in April 2024, down by 52.2% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for 27023, NC
How long does it take to sell a home in 27023, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 47 Days | +19.6% |
Summary: Homes in 27023 had an average of 47 days on market in Apr 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in 27023; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.