Is 27106, 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, 27106 has remained a Seller's Market.
Key Takeaway
27106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27106, NC
How much do homes in 27106, NC cost?
Median Sold Price
$340,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27106 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 27106 was $340,000 in April 2024, down 1.5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52.9K | $69.9K | +32.1% |
| 2 Bedrooms | $150K | $165K | +10.0% |
| 3 Bedrooms | $289.3K | $304.2K | +5.2% |
| 4 Bedrooms | $499.5K | $539K | +7.9% |
| 5+ Bedrooms | $795K | $827.5K | +4.1% |
Summary: 27106 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 27106, NC
How many homes are available in 27106, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 154 | 171 | +11.0% |
Summary: The 27106 real estate market had 171 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 64 | 70 | +9.4% |
| 4 Bedrooms | 43 | 50 | +16.3% |
| 5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The 27106 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27106, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 27106 in April 2024, down by 7.3% month-over-month. Of the 38 sold homes, 42% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 27106, NC
How long does it take to sell a home in 27106, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 31 Days | +43.8% |
Summary: Homes in 27106 had an average of 31 days on market in Apr 2024, up by 43.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27106 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 38 homes were sold in 27106; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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