Is 27371, 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, 27371 has remained a Seller's Market.
Housing Prices in 27371, NC
How much do homes in 27371, NC cost?
Median Sold Price
$196,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27371 was $196,000 in March 2024, down 8.2% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $67K | -50.4% |
2 Bedrooms | $177K | $92.5K | -47.7% |
3 Bedrooms | $202K | $189.9K | -6.0% |
4 Bedrooms | $365K | $350K | -4.1% |
5+ Bedrooms | $900K | $489.7K | -45.6% |
Summary: 27371 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.4%, 2 bedroom homes decreased by 47.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 45.6%.
Housing Supply in 27371, NC
How many homes are available in 27371, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Summary: The 27371 real estate market had 22 homes for sale in March 2024, a 29.4% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27371 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 27371 in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 27371, NC
How long does it take to sell a home in 27371, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
99 Days | 31 Days | -68.6% |
Summary: Homes in 27371 had an average of 31 days on market in Mar 2024, down by 68.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 27371; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.