Is 27316, 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, 27316 has remained a Seller's Market.
Housing Prices in 27316, NC
How much do homes in 27316, NC cost?
Median Sold Price
$254,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27316 was $254,000 in March 2024, up 19.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $27.5K | - | N/A |
2 Bedrooms | $165K | $285K | +72.7% |
3 Bedrooms | $218K | $222.5K | +2.1% |
4 Bedrooms | $425K | - | N/A |
5+ Bedrooms | $216.1K | $495K | +129.0% |
Summary: 27316 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 72.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 129%.
Median Sold Price Compared To Nearby Zip Codes
27316 | $212.7K | $254K | +19.4% |
27355 | $257.5K | $275K | +6.8% |
27344 | $261.5K | $272K | +4.0% |
Housing Supply in 27316, NC
How many homes are available in 27316, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Summary: The 27316 real estate market had 17 homes for sale in March 2024, a 5.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 27316 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 decreased by 28.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 27316 in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 27316, NC
How long does it take to sell a home in 27316, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
124 Days | 110 Days | -10.8% |
Summary: Homes in 27316 had an average of 110 days on market in Mar 2024, down by 10.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 27316; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.