Is 27262, 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, 27262 has remained a Seller's Market.
Key Takeaway
27262 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27262, NC
How much do homes in 27262, NC cost?
Median Sold Price
$220,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27262 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 27262 was $220,000 in March 2024, up 8.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73.7K | $94.5K | +28.1% |
| 2 Bedrooms | $112.5K | $145K | +28.9% |
| 3 Bedrooms | $212.7K | $217K | +2.0% |
| 4 Bedrooms | $360K | $353K | -1.9% |
| 5+ Bedrooms | $510K | $494.5K | -3.0% |
Summary: 27262 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 28.9%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 27262, NC
How many homes are available in 27262, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 89 | 112 | +25.8% |
Summary: The 27262 real estate market had 112 homes for sale in March 2024, a 25.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 41 | 57 | +39.0% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 27262 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 35 | +133.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27262, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 27262 in March 2024, up by 133.3% month-over-month. Of the 35 sold homes, 49% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for 27262, NC
How long does it take to sell a home in 27262, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 36 Days | +77.8% |
Summary: Homes in 27262 had an average of 36 days on market in Mar 2024, up by 77.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27262 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in 27262; 71% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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