Is 27051, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 27051 was a Seller's Market.
Key Takeaway
27051 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 27051, NC
How much do homes in 27051, NC cost?
Median Sold Price
$290,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27051 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 27051 was $290,500 in March 2024, up 3.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $191K | $186.2K | -2.5% |
| 3 Bedrooms | $279K | $265K | -5.0% |
| 4 Bedrooms | $381K | $347.5K | -8.8% |
| 5+ Bedrooms | $395.3K | $387.5K | -2.0% |
Summary: 27051 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 2.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 27051, NC
How many homes are available in 27051, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The 27051 real estate market had 23 homes for sale in March 2024, a 8.0% decrease 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 27051 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 decreased by 66.7%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27051, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 27051 in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 27051, NC
How long does it take to sell a home in 27051, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 37 Days | -10.5% |
Summary: Homes in 27051 had an average of 37 days on market in Mar 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27051 has remained consistent over time.
Summary: During March 2024, 3 homes were sold in 27051; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
