Is 27249, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27249 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 27249 has remained a Seller's Market.

Key Takeaway

27249 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27249, NC

How much do homes in 27249, NC cost?

Median Sold Price

$278,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$27,000(-8.9%)

Key Takeaway

Homes in 27249 have sold for 8.9% less than they did a year ago.

Summary: The median home sold price in 27249 was $278,000 in February 2024, down 8.9% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $294.9K$96K
-67.5%
2 $307K$231.5K
-24.6%
3 $280K$272.5K
-2.7%
4 $390K$366K
-6.2%
5+ $625K$400K
-36.0%

Summary: 27249 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.5%, 2 bedroom homes decreased by 24.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 36%.

Median Sold Price Compared To Nearby Zip Codes

27301
+12.0%
27214
+9.1%
27244
+7.1%
27377
+2.5%
27249
-8.9%

Housing Supply in 27249, NC

How many homes are available in 27249, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7058-17.1%

Summary: The 27249 real estate market had 58 homes for sale in February 2024, a 17.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 106
-40.0%
3 2723
-14.8%
4 2321
-8.7%
5+ 108
-20.0%

Summary: The 27249 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 decreased by 40%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27249, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 27249 in February 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.

Days on Market for 27249, NC

How long does it take to sell a home in 27249, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
68 Days56 Days-16.8%

Summary: Homes in 27249 had an average of 56 days on market in Feb 2024, down by 16.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27249 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 11 homes were sold in 27249; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% 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 27 Days Ago

Newest Listings in 27249, NC

Nearby Markets to 27249, NC