Is 27288, 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, 27288 has remained a Seller's Market.
Housing Prices in 27288, NC
How much do homes in 27288, NC cost?
Median Sold Price
$164,966
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27288 was $164,966 in March 2024, up 3.1% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $62.5K | $35K | -44.0% |
2 Bedrooms | $106.2K | $120K | +12.9% |
3 Bedrooms | $170K | $180K | +5.9% |
4 Bedrooms | $222.5K | $237.7K | +6.9% |
5+ Bedrooms | $265K | $365K | +37.7% |
Summary: 27288 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 37.7%.
Median Sold Price Compared To Nearby Zip Codes
27320 | $199.1K | $223.5K | +12.2% |
27288 | $160K | $164.9K | +3.1% |
27048 | $230K | $235.2K | +2.3% |
24148 | $198K | $169.9K | -14.2% |
Housing Supply in 27288, NC
How many homes are available in 27288, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 126 | +15.6% |
Summary: The 27288 real estate market had 126 homes for sale in March 2024, a 15.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 42 | 40 | -4.8% |
3 Bedrooms | 57 | 72 | +26.3% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 27288 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 27288 in March 2024, up by 31.6% month-over-month. Of the 25 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.
Days on Market for 27288, NC
How long does it take to sell a home in 27288, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 64 Days | +38.4% |
Summary: Homes in 27288 had an average of 64 days on market in Mar 2024, up by 38.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 27288; 48% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.