Is 27306, 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, 27306 was a Buyer's Market.
Key Takeaway
27306 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 27306, NC
How much do homes in 27306, NC cost?
Median Sold Price
$250,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27306 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 27306 was $250,000 in April 2024, up 3.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $90K | -12.2% |
| 2 Bedrooms | $168K | $128.7K | -23.4% |
| 3 Bedrooms | $325K | $343.3K | +5.6% |
| 4 Bedrooms | $314K | $682.5K | +117.4% |
| 5+ Bedrooms | $1.1M | $395K | -66.4% |
Summary: 27306 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes decreased by 23.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 117.4%, and 5+ bedroom homes decreased by 66.4%.
Housing Supply in 27306, NC
How many homes are available in 27306, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 72 | +10.8% |
Summary: The 27306 real estate market had 72 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 13 | +30.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 32 | 36 | +12.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 27306 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27306, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 27306 in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% were sold over asking.
Days on Market for 27306, NC
How long does it take to sell a home in 27306, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 86 Days | +54.6% |
Summary: Homes in 27306 had an average of 86 days on market in Apr 2024, up by 54.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27306 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 27306; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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