Is 27244, 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, 27244 has remained a Seller's Market.
Housing Prices in 27244, NC
How much do homes in 27244, NC cost?
Median Sold Price
$360,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27244 was $360,000 in March 2024, up 2.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $185K | -38.3% |
3 Bedrooms | $278.5K | $318K | +14.2% |
4 Bedrooms | $400K | $376.2K | -5.9% |
5+ Bedrooms | $510K | $484K | -5.1% |
Summary: 27244 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.3%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in 27244, NC
How many homes are available in 27244, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 35 | -2.8% |
Summary: The 27244 real estate market had 35 homes for sale in March 2024, a 2.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 10 | 5 | -50.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 27244 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 27244 in March 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.
Days on Market for 27244, NC
How long does it take to sell a home in 27244, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 56 Days | +25.9% |
Summary: Homes in 27244 had an average of 56 days on market in Mar 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 27244; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.