Is 27376, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27376 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 27376 has remained a Seller's Market.

Key Takeaway

27376 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27376, NC

How much do homes in 27376, NC cost?

Median Sold Price

$475,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$65,100(+15.9%)

Key Takeaway

Homes in 27376 have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in 27376 was $475,000 in April 2024, up 15.9% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $258K$267K
+3.5%
3 $365K$427K
+17.0%
4 $465K$529K
+13.8%
5+ -$650.4K
N/A

Summary: 27376 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27376
+15.9%
27281
+13.3%
28327
+6.7%
28374
+5.9%

Housing Supply in 27376, NC

How many homes are available in 27376, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
81810.0%

Summary: The 27376 real estate market had 81 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 3630
-16.7%
4 3846
+21.1%
5+ 32
-33.3%

Summary: The 27376 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2520-20.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27376, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 27376 in April 2024, down by 20.0% month-over-month. Of the 20 sold homes, 55% were sold under asking, 35% were sold at asking, and 10% were sold over asking.

Days on Market for 27376, NC

How long does it take to sell a home in 27376, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
49 Days50 Days+0.6%

Summary: Homes in 27376 had an average of 50 days on market in Apr 2024, up by 0.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27376 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 20 homes were sold in 27376; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 9 Days Ago

Newest Listings in 27376, NC

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