Is 27292, 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, 27292 has remained a Seller's Market.
Key Takeaway
27292 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27292, NC
How much do homes in 27292, NC cost?
Median Sold Price
$272,054
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27292 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 27292 was $272,054 in March 2024, up 10.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203K | $222.5K | +9.6% |
| 2 Bedrooms | $185K | $179.5K | -3.0% |
| 3 Bedrooms | $239.5K | $260K | +8.6% |
| 4 Bedrooms | $318.9K | $318.2K | -0.2% |
| 5+ Bedrooms | $380K | $295K | -22.4% |
Summary: 27292 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 22.4%.
Housing Supply in 27292, NC
How many homes are available in 27292, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 208 | 204 | -1.9% |
Summary: The 27292 real estate market had 204 homes for sale in March 2024, a 1.9% 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 | 34 | 35 | +2.9% |
| 3 Bedrooms | 112 | 110 | -1.8% |
| 4 Bedrooms | 58 | 55 | -5.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 27292 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 increased by 2.9%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27292, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 27292 in March 2024, up by 8.6% month-over-month. Of the 38 sold homes, 53% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for 27292, NC
How long does it take to sell a home in 27292, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 76 Days | +44.7% |
Summary: Homes in 27292 had an average of 76 days on market in Mar 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27292 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 38 homes were sold in 27292; 42% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
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