Is 27048, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 27048 has remained a Seller's Market.
Key Takeaway
27048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27048, NC
How much do homes in 27048, NC cost?
Median Sold Price
$238,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27048 have sold for 9.4% less than they did a year ago.
Summary: The median home sold price in 27048 was $238,000 in April 2024, down 9.4% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $230K | +318.2% |
| 2 Bedrooms | $140K | $124.9K | -10.8% |
| 3 Bedrooms | $275.6K | $275K | -0.3% |
| 4 Bedrooms | $227.7K | $216.5K | -4.9% |
| 5+ Bedrooms | - | $780K | N/A |
Summary: 27048 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 318.2%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes did not change.
Housing Supply in 27048, NC
How many homes are available in 27048, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Summary: The 27048 real estate market had 18 homes for sale in April 2024, a 28.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 18 | 11 | -38.9% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 27048 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 38.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 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 27048, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 27048 in April 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 27048, NC
How long does it take to sell a home in 27048, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 84 Days | 82 Days | -3.1% |
Summary: Homes in 27048 had an average of 82 days on market in Apr 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27048 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 27048; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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