Is 27302, 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, 27302 has remained a Seller's Market.
Housing Prices in 27302, NC
How much do homes in 27302, NC cost?
Median Sold Price
$375,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27302 was $375,000 in March 2024, up 2.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | $295K | +22.9% |
3 Bedrooms | $330.7K | $360K | +8.8% |
4 Bedrooms | $405.3K | $400K | -1.3% |
5+ Bedrooms | $445.9K | $428.4K | -3.9% |
Summary: 27302 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in 27302, NC
How many homes are available in 27302, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 134 | +13.6% |
Summary: The 27302 real estate market had 134 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 69 | 79 | +14.5% |
4 Bedrooms | 32 | 34 | +6.3% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 27302 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 15.4%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 30 | +76.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 27302 in March 2024, up by 76.5% month-over-month. Of the 30 sold homes, 37% were sold under asking, 40% were sold at asking, and 23% were sold over asking.
Days on Market for 27302, NC
How long does it take to sell a home in 27302, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
126 Days | 61 Days | -51.7% |
Summary: Homes in 27302 had an average of 61 days on market in Mar 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 27302; 30% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.