Is 27360, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27360 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 27360 has remained a Seller's Market.

Key Takeaway

27360 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27360, NC

How much do homes in 27360, NC cost?

Median Sold Price

$240,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,173(+5.8%)

Key Takeaway

Homes in 27360 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 27360 was $240,000 in April 2024, up 5.8% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $97K$71.2K
-26.5%
2 $137.7K$152K
+10.3%
3 $225K$245K
+8.9%
4 $309.8K$325K
+4.9%
5+ $361.4K$363.8K
+0.7%

Summary: 27360 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

27262
+8.3%
27260
+6.1%
27360
+5.8%
27370
+5.5%
27263
+0.9%

Housing Supply in 27360, NC

How many homes are available in 27360, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
168174+3.6%

Summary: The 27360 real estate market had 174 homes for sale in April 2024, a 3.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 3229
-9.4%
3 111115
+3.6%
4 1724
+41.2%
5+ 65
-16.7%

Summary: The 27360 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4144+7.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27360, expect to pay close to the asking price. 40.9% of homes here sold near the asking price last month.

Summary: A total of 44 homes were sold or pending in 27360 in April 2024, up by 7.3% month-over-month. Of the 44 sold homes, 32% were sold under asking, 41% were sold at asking, and 27% were sold over asking.

Days on Market for 27360, NC

How long does it take to sell a home in 27360, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
29 Days26 Days-11.7%

Summary: Homes in 27360 had an average of 26 days on market in Apr 2024, down by 11.7% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27360 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 44 homes were sold in 27360; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% 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 3 Days Ago

Newest Listings in 27360, NC

Nearby Markets to 27360, NC