Is 27295, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 27295 was a Buyer's Market.
Key Takeaway
27295 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27295, NC
How much do homes in 27295, NC cost?
Median Sold Price
$289,680
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27295 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 27295 was $289,680 in April 2024, down 1.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | $93K | -24.4% |
| 2 Bedrooms | $175.7K | $192.4K | +9.5% |
| 3 Bedrooms | $279.6K | $275K | -1.7% |
| 4 Bedrooms | $315.9K | $310K | -1.9% |
| 5+ Bedrooms | $353.3K | $373.2K | +5.6% |
Summary: 27295 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.4%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in 27295, NC
How many homes are available in 27295, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 192 | 186 | -3.1% |
Summary: The 27295 real estate market had 186 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 85 | 83 | -2.4% |
| 4 Bedrooms | 73 | 67 | -8.2% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The 27295 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.8%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 31 | -40.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27295, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 27295 in April 2024, down by 40.4% month-over-month. Of the 31 sold homes, 55% were sold under asking, 32% were sold at asking, and 13% were sold over asking.
Days on Market for 27295, NC
How long does it take to sell a home in 27295, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 36 Days | -17.7% |
Summary: Homes in 27295 had an average of 36 days on market in Apr 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27295 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in 27295; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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