Is 27405, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 27405 has remained a Seller's Market.
Key Takeaway
27405 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27405, NC
How much do homes in 27405, NC cost?
Median Sold Price
$215,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27405 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 27405 was $215,000 in April 2024, up 2.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $97.5K | N/A |
| 2 Bedrooms | $128.9K | $132.7K | +2.9% |
| 3 Bedrooms | $209K | $215K | +2.8% |
| 4 Bedrooms | $286.1K | $293K | +2.4% |
| 5+ Bedrooms | $380K | $339.6K | -10.6% |
Summary: 27405 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 2.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 10.6%.
Housing Supply in 27405, NC
How many homes are available in 27405, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 135 | 132 | -2.2% |
Summary: The 27405 real estate market had 132 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 85 | 79 | -7.1% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 27405 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 increased by 10.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27405, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 27405 in April 2024, up by 5.3% month-over-month. Of the 40 sold homes, 53% were sold under asking, 28% were sold at asking, and 20% were sold over asking.
Days on Market for 27405, NC
How long does it take to sell a home in 27405, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 22 Days | -27.2% |
Summary: Homes in 27405 had an average of 22 days on market in Apr 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27405 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 40 homes were sold in 27405; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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