Is 27055, 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, 27055 has remained a Seller's Market.
Key Takeaway
27055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27055, NC
How much do homes in 27055, NC cost?
Median Sold Price
$266,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27055 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 27055 was $266,000 in April 2024, up 7.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $225K | +4.7% |
| 3 Bedrooms | $260K | $267K | +2.7% |
| 4 Bedrooms | $394.5K | $371.5K | -5.8% |
| 5+ Bedrooms | - | $475K | N/A |
Summary: 27055 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 28634 | $233.1K | $285K | +22.3% |
| 27055 | $248K | $266K | +7.3% |
| 27011 | $235K | $240K | +2.1% |
| 27018 | $270K | $268K | -0.7% |
| 27020 | $295K | $285K | -3.4% |
Housing Supply in 27055, NC
How many homes are available in 27055, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The 27055 real estate market had 32 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 17 | 24 | +41.2% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27055 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 41.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27055, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 27055 in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for 27055, NC
How long does it take to sell a home in 27055, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +56.7% |
Summary: Homes in 27055 had an average of 27 days on market in Apr 2024, up by 56.7% compared to last year.
Breakdown of Home Sale Times
5 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 27055 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 27055; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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