Is 27320, 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, 27320 has remained a Seller's Market.
Housing Prices in 27320, NC
How much do homes in 27320, NC cost?
Median Sold Price
$223,500
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27320 was $223,500 in March 2024, up 12.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37K | $73K | +97.3% |
2 Bedrooms | $135K | $132.5K | -1.9% |
3 Bedrooms | $206K | $234K | +13.6% |
4 Bedrooms | $292K | $405.6K | +38.9% |
5+ Bedrooms | $345K | $245K | -29.0% |
Summary: 27320 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.3%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes decreased by 29%.
Housing Supply in 27320, NC
How many homes are available in 27320, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 126 | +10.5% |
Summary: The 27320 real estate market had 126 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 72 | 84 | +16.7% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 27320 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 35 | +75.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 27320 in March 2024, up by 75.0% month-over-month. Of the 35 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.
Days on Market for 27320, NC
How long does it take to sell a home in 27320, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 45 Days | -10.7% |
Summary: Homes in 27320 had an average of 45 days on market in Mar 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in 27320; 54% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.