Is 27312, 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, 27312 has remained a Seller's Market.
Housing Prices in 27312, NC
How much do homes in 27312, NC cost?
Median Sold Price
$626,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 27312 was $626,000 in April 2024, up 6% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $409.6K | $322.2K | -21.3% |
2 Bedrooms | $350K | $384.2K | +9.8% |
3 Bedrooms | $464.9K | $474.9K | +2.1% |
4 Bedrooms | $782K | $849.7K | +8.7% |
5+ Bedrooms | $717.2K | $855K | +19.2% |
Summary: 27312 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 19.2%.
Housing Supply in 27312, NC
How many homes are available in 27312, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
180 | 194 | +7.8% |
Summary: The 27312 real estate market had 194 homes for sale in April 2024, a 7.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 70 | 79 | +12.9% |
4 Bedrooms | 81 | 82 | +1.2% |
5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The 27312 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 42.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 33 | +17.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 27312 in April 2024, up by 17.9% month-over-month. Of the 33 sold homes, 61% were sold under asking, 21% were sold at asking, and 18% were sold over asking.
Days on Market for 27312, NC
How long does it take to sell a home in 27312, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
197 Days | 51 Days | -74.0% |
Summary: Homes in 27312 had an average of 51 days on market in Apr 2024, down by 74% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in 27312; 52% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.