Is 27214, 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, 27214 has remained a Seller's Market.
Key Takeaway
27214 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27214, NC
How much do homes in 27214, NC cost?
Median Sold Price
$327,450
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27214 have sold for 4% less than they did a year ago.
Summary: The median home sold price in 27214 was $327,450 in April 2024, down 4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $186K | N/A |
| 2 Bedrooms | $173.5K | $145K | -16.4% |
| 3 Bedrooms | $321.1K | $315K | -1.9% |
| 4 Bedrooms | $386.2K | $424K | +9.8% |
| 5+ Bedrooms | $339.8K | $471.5K | +38.8% |
Summary: 27214 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 38.8%.
Housing Supply in 27214, NC
How many homes are available in 27214, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 38 | -17.4% |
Summary: The 27214 real estate market had 38 homes for sale in April 2024, a 17.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 20 | 13 | -35.0% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 27214 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 35%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27214, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 27214 in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for 27214, NC
How long does it take to sell a home in 27214, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 33 Days | +165.2% |
Summary: Homes in 27214 had an average of 33 days on market in Apr 2024, up by 165.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27214 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 27214; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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