Is 27298, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 27298 has remained a Seller's Market.
Key Takeaway
27298 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27298, NC
How much do homes in 27298, NC cost?
Median Sold Price
$275,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27298 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 27298 was $275,000 in April 2024, up 10% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $215.7K | $200K | -7.3% |
| 3 Bedrooms | $251.2K | $275K | +9.5% |
| 4 Bedrooms | $290K | $317K | +9.3% |
| 5+ Bedrooms | $205K | $699K | +241.0% |
Summary: 27298 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 241%.
Median Sold Price Compared To Nearby Zip Codes
| 27349 | $267.5K | $335K | +25.2% |
| 27248 | $175K | $210K | +20.0% |
| 27298 | $250K | $275K | +10.0% |
| 27355 | $274.4K | $260K | -5.3% |
Housing Supply in 27298, NC
How many homes are available in 27298, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Summary: The 27298 real estate market had 22 homes for sale in April 2024, a 15.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27298 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 decreased by 40%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27298, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 27298 in April 2024, down by 60.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for 27298, NC
How long does it take to sell a home in 27298, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 7 Days | -79.0% |
Summary: Homes in 27298 had an average of 7 days on market in Apr 2024, down by 79% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27298 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 27298; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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