Is 27205, 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, 27205 has remained a Seller's Market.
Housing Prices in 27205, NC
How much do homes in 27205, NC cost?
Median Sold Price
$279,900
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27205 was $279,900 in March 2024, up 10.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45.6K | $153K | +235.5% |
2 Bedrooms | $169K | $212.5K | +25.7% |
3 Bedrooms | $255K | $280K | +9.8% |
4 Bedrooms | $415K | $385K | -7.2% |
5+ Bedrooms | $449K | $537.5K | +19.7% |
Summary: 27205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 235.5%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 19.7%.
Housing Supply in 27205, NC
How many homes are available in 27205, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 | 79 | +3.9% |
Summary: The 27205 real estate market had 79 homes for sale in March 2024, a 3.9% increase 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 | 14 | 16 | +14.3% |
3 Bedrooms | 47 | 49 | +4.3% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 27205 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 14.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 15 | -34.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 27205 in March 2024, down by 34.8% month-over-month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% were sold over asking.
Days on Market for 27205, NC
How long does it take to sell a home in 27205, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 31 Days | -2.0% |
Summary: Homes in 27205 had an average of 31 days on market in Mar 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
10 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, 15 homes were sold in 27205; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.