Is 27253, 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, 27253 has remained a Seller's Market.
Key Takeaway
27253 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27253, NC
How much do homes in 27253, NC cost?
Median Sold Price
$325,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27253 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 27253 was $325,000 in March 2024, up 1.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $450K | +309.1% |
| 2 Bedrooms | $214K | $212.1K | -0.9% |
| 3 Bedrooms | $305K | $300K | -1.6% |
| 4 Bedrooms | $396.9K | $370K | -6.8% |
| 5+ Bedrooms | $370K | $410K | +10.8% |
Summary: 27253 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 309.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Zip Codes
| 27349 | $264K | $335K | +26.9% |
| 27253 | $320K | $325K | +1.6% |
| 27258 | $345K | $318.1K | -7.8% |
Housing Supply in 27253, NC
How many homes are available in 27253, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 158 | 142 | -10.1% |
Summary: The 27253 real estate market had 142 homes for sale in March 2024, a 10.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 15 | -21.1% |
| 3 Bedrooms | 85 | 76 | -10.6% |
| 4 Bedrooms | 43 | 43 | 0.0% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The 27253 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 decreased by 21.1%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 41 | +13.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27253, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 27253 in March 2024, up by 13.9% month-over-month. Of the 41 sold homes, 49% were sold under asking, 32% were sold at asking, and 20% were sold over asking.
Days on Market for 27253, NC
How long does it take to sell a home in 27253, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 77 Days | -3.8% |
Summary: Homes in 27253 had an average of 77 days on market in Mar 2024, down by 3.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27253 has remained consistent over time.
Summary: During March 2024, 41 homes were sold in 27253; 34% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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