Is 27403, 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, 27403 has remained a Seller's Market.
Housing Prices in 27403, NC
How much do homes in 27403, NC cost?
Median Sold Price
$279,900
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27403 was $279,900 in March 2024, up 29% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $185K | N/A |
2 Bedrooms | $140K | $169K | +20.7% |
3 Bedrooms | $189.5K | $285K | +50.4% |
4 Bedrooms | $397.5K | $419K | +5.4% |
5+ Bedrooms | $646.7K | $487.9K | -24.6% |
Summary: 27403 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 50.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 24.6%.
Housing Supply in 27403, NC
How many homes are available in 27403, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 87 | +33.8% |
Summary: The 27403 real estate market had 87 homes for sale in March 2024, a 33.8% 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 | 16 | 19 | +18.8% |
3 Bedrooms | 32 | 42 | +31.3% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 27403 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 18.8%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 27403 in March 2024, up by 72.7% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for 27403, NC
How long does it take to sell a home in 27403, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 22 Days | +8.7% |
Summary: Homes in 27403 had an average of 22 days on market in Mar 2024, up by 8.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 27403; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.