Is 27203, 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, 27203 has remained a Seller's Market.
Housing Prices in 27203, NC
How much do homes in 27203, NC cost?
Median Sold Price
$215,800
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27203 was $215,800 in March 2024, up 11.5% 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 | $107.5K | $117K | +8.8% |
2 Bedrooms | $136K | $167.2K | +23.0% |
3 Bedrooms | $205K | $234.9K | +14.6% |
4 Bedrooms | $236K | $254.9K | +8.0% |
5+ Bedrooms | $360K | $313.9K | -12.8% |
Summary: 27203 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 12.8%.
Housing Supply in 27203, NC
How many homes are available in 27203, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 63 | -4.5% |
Summary: The 27203 real estate market had 63 homes for sale in March 2024, a 4.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 37 | 31 | -16.2% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 27203 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 decreased by 5%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 27203 in March 2024, down by 11.1% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.
Days on Market for 27203, NC
How long does it take to sell a home in 27203, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 30 Days | +13.6% |
Summary: Homes in 27203 had an average of 30 days on market in Mar 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 27203; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.