Is 27403, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27403 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 27403 has remained a Seller's Market.

Key Takeaway

27403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$62,900(+29.0%)

Key Takeaway

Homes in 27403 have sold for 29% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$185K
N/A
2 $140K$169K
+20.7%
3 $189.5K$285K
+50.4%
4 $397.5K$419K
+5.4%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

27403
+29.0%
27401
+16.5%
27407
+12.4%
27408
+10.3%

Housing Supply in 27403, NC

How many homes are available in 27403, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6587+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1619
+18.8%
3 3242
+31.3%
4 1318
+38.5%
5+ 48
+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 2024Mar 2024CHANGE
1119+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27403, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
20 Days22 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27403 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 27403, NC

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