Is 27127, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27127 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 27127 has remained a Seller's Market.

Key Takeaway

27127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27127, NC

How much do homes in 27127, NC cost?

Median Sold Price

$251,833

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,595(+2.7%)

Key Takeaway

Homes in 27127 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 27127 was $251,833 in April 2024, up 2.7% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $98.9K$107K
+8.1%
2 $160K$185K
+15.6%
3 $256.2K$260K
+1.5%
4 $312K$309K
-1.0%
5+ $315.9K$385K
+21.9%

Summary: 27127 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 21.9%.

Median Sold Price Compared To Nearby Zip Codes

27012
+5.4%
27107
+4.2%
27127
+2.7%
27101
+2.6%
27103
+1.8%

Housing Supply in 27127, NC

How many homes are available in 27127, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
143171+19.6%

Summary: The 27127 real estate market had 171 homes for sale in April 2024, a 19.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 2532
+28.0%
3 93116
+24.7%
4 1917
-10.5%
5+ 54
-20.0%

Summary: The 27127 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 24.7%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3641+13.9%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27127, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 27127 in April 2024, up by 13.9% month-over-month. Of the 41 sold homes, 51% were sold under asking, 20% were sold at asking, and 29% were sold over asking.

Days on Market for 27127, NC

How long does it take to sell a home in 27127, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
17 Days35 Days+106.7%

Summary: Homes in 27127 had an average of 35 days on market in Apr 2024, up by 106.7% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27127 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 41 homes were sold in 27127; 71% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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 1 Day Ago

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