Is 27215, 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, 27215 has remained a Seller's Market.
Key Takeaway
27215 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27215, NC
How much do homes in 27215, NC cost?
Median Sold Price
$300,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27215 have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in 27215 was $300,000 in March 2024, down 2.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $75K | -53.1% |
| 2 Bedrooms | $162K | $167.5K | +3.4% |
| 3 Bedrooms | $287.7K | $283.5K | -1.5% |
| 4 Bedrooms | $395K | $385K | -2.5% |
| 5+ Bedrooms | $502.5K | $498K | -0.9% |
Summary: 27215 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in 27215, NC
How many homes are available in 27215, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 220 | 235 | +6.8% |
Summary: The 27215 real estate market had 235 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 44 | 35 | -20.5% |
| 3 Bedrooms | 102 | 121 | +18.6% |
| 4 Bedrooms | 57 | 61 | +7.0% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 27215 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 54 | +28.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27215, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in 27215 in March 2024, up by 28.6% month-over-month. Of the 54 sold homes, 39% were sold under asking, 35% were sold at asking, and 26% were sold over asking.
Days on Market for 27215, NC
How long does it take to sell a home in 27215, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 57 Days | -17.5% |
Summary: Homes in 27215 had an average of 57 days on market in Mar 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27215 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 54 homes were sold in 27215; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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