Is 27401, 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, 27401 has remained a Seller's Market.
Key Takeaway
27401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27401, NC
How much do homes in 27401, NC cost?
Median Sold Price
$198,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27401 have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in 27401 was $198,000 in March 2024, up 16.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $190K | +22.6% |
| 2 Bedrooms | $152.4K | $165K | +8.2% |
| 3 Bedrooms | $175K | $200K | +14.3% |
| 4 Bedrooms | $322.5K | $252.5K | -21.7% |
| 5+ Bedrooms | $217.5K | $462.5K | +112.6% |
Summary: 27401 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 112.6%.
Housing Supply in 27401, NC
How many homes are available in 27401, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 58 | -19.4% |
Summary: The 27401 real estate market had 58 homes for sale in March 2024, a 19.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 34 | 28 | -17.6% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 27401 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 13 | -40.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27401, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 27401 in March 2024, down by 40.9% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for 27401, NC
How long does it take to sell a home in 27401, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 46 Days | +134.3% |
Summary: Homes in 27401 had an average of 46 days on market in Mar 2024, up by 134.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27401 has remained consistent over time.
Summary: During March 2024, 13 homes were sold in 27401; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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