Is 27278, 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, 27278 has remained a Seller's Market.
Housing Prices in 27278, NC
How much do homes in 27278, NC cost?
Median Sold Price
$480,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27278 was $480,000 in March 2024, up 10.3% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $550K | +29.4% |
2 Bedrooms | $265K | $340K | +28.3% |
3 Bedrooms | $407K | $420K | +3.2% |
4 Bedrooms | $595K | $640K | +7.6% |
5+ Bedrooms | $650K | $780K | +20.0% |
Summary: 27278 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 20%.
Housing Supply in 27278, NC
How many homes are available in 27278, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
108 | 110 | +1.9% |
Summary: The 27278 real estate market had 110 homes for sale in March 2024, a 1.9% increase 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 | 6 | 5 | -16.7% |
3 Bedrooms | 52 | 54 | +3.8% |
4 Bedrooms | 33 | 35 | +6.1% |
5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The 27278 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 16.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 33 | +43.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 27278 in March 2024, up by 43.5% month-over-month. Of the 33 sold homes, 39% were sold under asking, 21% were sold at asking, and 39% were sold over asking.
Days on Market for 27278, NC
How long does it take to sell a home in 27278, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 77 Days | +18.1% |
Summary: Homes in 27278 had an average of 77 days on market in Mar 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 27278; 21% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.