Is 27320, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27320 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 27320 has remained a Seller's Market.

Key Takeaway

27320 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$24,325(+12.2%)

Key Takeaway

Homes in 27320 have sold for 12.2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $37K$73K
+97.3%
2 $135K$132.5K
-1.9%
3 $206K$234K
+13.6%
4 $292K$405.6K
+38.9%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

27320
+12.2%
27288
+3.1%
27214
+1.3%
27249
-1.9%
27326
-13.0%

Housing Supply in 27320, NC

How many homes are available in 27320, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
114126+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

# BEDSFeb 2024Mar 2024CHANGE
1 43
-25.0%
2 2123
+9.5%
3 7284
+16.7%
4 1313
0.0%
5+ 43
-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 2024Mar 2024CHANGE
2035+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27320, you may be able to get a good deal. 40% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
51 Days45 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27320 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 27320, NC

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