Is 27406, 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, 27406 has remained a Seller's Market.
Housing Prices in 27406, NC
How much do homes in 27406, NC cost?
Median Sold Price
$230,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27406 was $230,000 in March 2024, up 6.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76K | $140K | +84.2% |
2 Bedrooms | $115K | $138.2K | +20.2% |
3 Bedrooms | $212.1K | $227.4K | +7.2% |
4 Bedrooms | $315K | $319.7K | +1.5% |
5+ Bedrooms | $340K | $434.9K | +27.9% |
Summary: 27406 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.2%, 2 bedroom homes increased by 20.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 27.9%.
Housing Supply in 27406, NC
How many homes are available in 27406, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
146 | 151 | +3.4% |
Summary: The 27406 real estate market had 151 homes for sale in March 2024, a 3.4% 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 | 23 | 27 | +17.4% |
3 Bedrooms | 84 | 88 | +4.8% |
4 Bedrooms | 37 | 32 | -13.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 27406 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 17.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 41 | +2.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 27406 in March 2024, up by 2.5% month-over-month. Of the 41 sold homes, 54% were sold under asking, 15% were sold at asking, and 32% were sold over asking.
Days on Market for 27406, NC
How long does it take to sell a home in 27406, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 29 Days | -32.3% |
Summary: Homes in 27406 had an average of 29 days on market in Mar 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 27406; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.