Is 27107, 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, 27107 has remained a Seller's Market.
Key Takeaway
27107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27107, NC
How much do homes in 27107, NC cost?
Median Sold Price
$257,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27107 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 27107 was $257,000 in March 2024, up 5.4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $85K | -10.5% |
| 2 Bedrooms | $113.5K | $131K | +15.4% |
| 3 Bedrooms | $242K | $263.5K | +8.9% |
| 4 Bedrooms | $310K | $327.4K | +5.6% |
| 5+ Bedrooms | $315K | $385K | +22.2% |
Summary: 27107 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 22.2%.
Housing Supply in 27107, NC
How many homes are available in 27107, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 151 | +14.4% |
Summary: The 27107 real estate market had 151 homes for sale in March 2024, a 14.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 78 | 99 | +26.9% |
| 4 Bedrooms | 33 | 27 | -18.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 27107 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 increased by 26.7%, 3 bedroom homes increased by 26.9%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 48 | +71.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27107, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 27107 in March 2024, up by 71.4% month-over-month. Of the 48 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 27107, NC
How long does it take to sell a home in 27107, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 25 Days | -38.4% |
Summary: Homes in 27107 had an average of 25 days on market in Mar 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27107 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 48 homes were sold in 27107; 73% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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