Is 27217, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 27217 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $153K | $170K | +11.1% |
3 Bedrooms | $230K | $240K | +4.3% |
4 Bedrooms | $275K | $281K | +2.2% |
5+ Bedrooms | $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%.
Housing Supply in 27217, NC
How many homes are available in 27217, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
115 | 121 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 74 | 79 | +6.8% |
4 Bedrooms | 14 | 10 | -28.6% |
5+ Bedrooms | 6 | 6 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
21 | 18 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
57 Days | 57 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
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.