Is 27317, 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, 27317 has remained a Seller's Market.
Key Takeaway
27317 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27317, NC
How much do homes in 27317, NC cost?
Median Sold Price
$250,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27317 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 27317 was $250,000 in March 2024, up 1.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $88.9K | $325K | +265.5% |
| 2 Bedrooms | $160K | $188.8K | +18.0% |
| 3 Bedrooms | $250K | $265K | +6.0% |
| 4 Bedrooms | $339.5K | $280K | -17.5% |
| 5+ Bedrooms | - | $719.5K | N/A |
Summary: 27317 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 265.5%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 27203 | $193.5K | $215.8K | +11.5% |
| 27350 | $257.5K | $270K | +4.9% |
| 27317 | $246.4K | $250K | +1.4% |
Housing Supply in 27317, NC
How many homes are available in 27317, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 38 | +18.8% |
Summary: The 27317 real estate market had 38 homes for sale in March 2024, a 18.8% 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 | 10 | 10 | 0.0% |
| 3 Bedrooms | 19 | 24 | +26.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27317 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 remained the same, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27317, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 27317 in March 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for 27317, NC
How long does it take to sell a home in 27317, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 23 Days | -33.4% |
Summary: Homes in 27317 had an average of 23 days on market in Mar 2024, down by 33.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27317 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in 27317; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
