Is 27217, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27217 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 27217 was a Seller's Market.

Key Takeaway

27217 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 27217, NC

How much do homes in 27217, NC cost?

Median Sold Price

$226,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,935(+2.7%)

Key Takeaway

Homes in 27217 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 27217 was $226,000 in February 2024, up 2.7% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $130K-
N/A
2 $153K$170K
+11.1%
3 $230K$240K
+4.3%
4 $275K$281K
+2.2%
5+ $283K$332K
+17.3%

Summary: 27217 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 17.3%.

Median Sold Price Compared To Nearby Zip Codes

27244
+7.1%
27302
+4.2%
27217
+2.7%
27215
-3.2%
27258
-9.2%

Housing Supply in 27217, NC

How many homes are available in 27217, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
115121+5.2%

Summary: The 27217 real estate market had 121 homes for sale in February 2024, a 5.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 1823
+27.8%
3 7479
+6.8%
4 1410
-28.6%
5+ 66
0.0%

Summary: The 27217 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2118-14.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27217, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 27217 in February 2024, down by 14.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 28% were sold at asking, and 17% were sold over asking.

Days on Market for 27217, NC

How long does it take to sell a home in 27217, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
57 Days57 Days+1.3%

Summary: Homes in 27217 had an average of 57 days on market in Feb 2024, up by 1.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 27217 has remained consistent over time.

Summary: During February 2024, 18 homes were sold in 27217; 28% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 11% 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 28 Days Ago

Newest Listings in 27217, NC

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