Is 27284, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27284 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 27284 has remained a Seller's Market.

Key Takeaway

27284 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27284, NC

How much do homes in 27284, NC cost?

Median Sold Price

$330,206

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,226(+2.6%)

Key Takeaway

Homes in 27284 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 27284 was $330,206 in March 2024, up 2.6% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $115.5K$120.2K
+4.1%
2 $179.9K$207.2K
+15.2%
3 $290K$307.9K
+6.2%
4 $399.5K$412.6K
+3.3%
5+ $450K$464K
+3.1%

Summary: 27284 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Zip Codes

27310
+13.2%
27101
+5.9%
27235
+5.3%
27051
+3.8%
27284
+2.6%

Housing Supply in 27284, NC

How many homes are available in 27284, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
208214+2.9%

Summary: The 27284 real estate market had 214 homes for sale in March 2024, a 2.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 2524
-4.0%
3 108113
+4.6%
4 6467
+4.7%
5+ 119
-18.2%

Summary: The 27284 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 decreased by 4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4264+52.4%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27284, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in 27284 in March 2024, up by 52.4% month-over-month. Of the 64 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% were sold over asking.

Days on Market for 27284, NC

How long does it take to sell a home in 27284, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
36 Days37 Days+3.6%

Summary: Homes in 27284 had an average of 37 days on market in Mar 2024, up by 3.6% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27284 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 64 homes were sold in 27284; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% 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 18 Days Ago

Newest Listings in 27284, NC

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