Is 27407, 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, 27407 has remained a Seller's Market.
Key Takeaway
27407 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27407, NC
How much do homes in 27407, NC cost?
Median Sold Price
$265,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27407 have sold for 13% more than they did a year ago.
Summary: The median home sold price in 27407 was $265,000 in April 2024, up 13% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.3K | - | N/A |
| 2 Bedrooms | $179K | $183.5K | +2.5% |
| 3 Bedrooms | $230.4K | $254.9K | +10.6% |
| 4 Bedrooms | $360K | $365K | +1.4% |
| 5+ Bedrooms | $450K | $478.7K | +6.4% |
Summary: 27407 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 2.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 27407, NC
How many homes are available in 27407, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 122 | 119 | -2.5% |
Summary: The 27407 real estate market had 119 homes for sale in April 2024, a 2.5% 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 | 31 | 32 | +3.2% |
| 3 Bedrooms | 60 | 61 | +1.7% |
| 4 Bedrooms | 26 | 21 | -19.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 27407 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 3.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 30 | -30.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27407, expect to pay close to the asking price. 53.3% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in 27407 in April 2024, down by 30.2% month-over-month. Of the 30 sold homes, 30% were sold under asking, 53% were sold at asking, and 17% were sold over asking.
Days on Market for 27407, NC
How long does it take to sell a home in 27407, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 24 Days | -22.8% |
Summary: Homes in 27407 had an average of 24 days on market in Apr 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27407 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 30 homes were sold in 27407; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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