Is 27101, 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, 27101 has remained a Seller's Market.
Key Takeaway
27101 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27101, NC
How much do homes in 27101, NC cost?
Median Sold Price
$255,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27101 have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in 27101 was $255,000 in March 2024, up 5.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $242.5K | +21.3% |
| 2 Bedrooms | $244.7K | $267.5K | +9.3% |
| 3 Bedrooms | $210.5K | $228.1K | +8.4% |
| 4 Bedrooms | $291.7K | $352.8K | +20.9% |
| 5+ Bedrooms | $407.3K | $405K | -0.6% |
Summary: 27101 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in 27101, NC
How many homes are available in 27101, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 63 | +6.8% |
Summary: The 27101 real estate market had 63 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 36 | 31 | -13.9% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 27101 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27101, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 27101 in March 2024, down by 26.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for 27101, NC
How long does it take to sell a home in 27101, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 57 Days | +59.4% |
Summary: Homes in 27101 had an average of 57 days on market in Mar 2024, up by 59.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27101 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in 27101; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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