Is 27127, 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, 27127 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.9K | $107K | +8.1% |
2 Bedrooms | $160K | $185K | +15.6% |
3 Bedrooms | $256.2K | $260K | +1.5% |
4 Bedrooms | $312K | $309K | -1.0% |
5+ Bedrooms | $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%.
Housing Supply in 27127, NC
How many homes are available in 27127, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
143 | 171 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 25 | 32 | +28.0% |
3 Bedrooms | 93 | 116 | +24.7% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 5 | 4 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 41 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 35 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
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.