Is 27104, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27104 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 27104 has remained a Seller's Market.

Key Takeaway

27104 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27104, NC

How much do homes in 27104, NC cost?

Median Sold Price

$326,500

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$13,500(-4.0%)

Key Takeaway

Homes in 27104 have sold for 4% less than they did a year ago.

Summary: The median home sold price in 27104 was $326,500 in April 2024, down 4% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $72.5K$146.7K
+102.4%
2 $169.5K$175K
+3.2%
3 $300K$298.7K
-0.4%
4 $493.3K$524K
+6.2%
5+ $824.9K$850K
+3.0%

Summary: 27104 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 102.4%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Zip Codes

27105
+8.7%
27101
+2.6%
27103
+1.8%
27106
-1.5%
27104
-4.0%

Housing Supply in 27104, NC

How many homes are available in 27104, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
126149+18.3%

Summary: The 27104 real estate market had 149 homes for sale in April 2024, a 18.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 2534
+36.0%
3 5455
+1.9%
4 3145
+45.2%
5+ 1515
0.0%

Summary: The 27104 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 36%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3051+70.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27104, you could pay more than the asking price. 49% of homes here sold above asking price last month.

Summary: A total of 51 homes were sold or pending in 27104 in April 2024, up by 70.0% month-over-month. Of the 51 sold homes, 41% were sold under asking, 10% were sold at asking, and 49% were sold over asking.

Days on Market for 27104, NC

How long does it take to sell a home in 27104, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
30 Days13 Days-54.8%

Summary: Homes in 27104 had an average of 13 days on market in Apr 2024, down by 54.8% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27104 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 51 homes were sold in 27104; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in 27104, NC

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