Is 27205, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27205 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 27205 has remained a Seller's Market.

Key Takeaway

27205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$27,400(+10.9%)

Key Takeaway

Homes in 27205 have sold for 10.9% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $45.6K$153K
+235.5%
2 $169K$212.5K
+25.7%
3 $255K$280K
+9.8%
4 $415K$385K
-7.2%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

27239
+19.5%
27203
+11.5%
27205
+10.9%
27370
+10.5%
27350
+4.9%

Housing Supply in 27205, NC

How many homes are available in 27205, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7679+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1416
+14.3%
3 4749
+4.3%
4 98
-11.1%
5+ 66
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 2024Mar 2024CHANGE
2315-34.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27205, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
32 Days31 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27205 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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