Is 27408, 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, 27408 has remained a Seller's Market.
Housing Prices in 27408, NC
How much do homes in 27408, NC cost?
Median Sold Price
$347,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27408 was $347,500 in March 2024, up 10.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.5K | $145K | +22.4% |
2 Bedrooms | $193K | $205K | +6.2% |
3 Bedrooms | $297K | $310K | +4.4% |
4 Bedrooms | $486K | $497.5K | +2.4% |
5+ Bedrooms | $750K | $849.9K | +13.3% |
Summary: 27408 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in 27408, NC
How many homes are available in 27408, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 83 | +3.8% |
Summary: The 27408 real estate market had 83 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 27 | 33 | +22.2% |
4 Bedrooms | 22 | 20 | -9.1% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 27408 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 27408 in March 2024, up by 23.8% month-over-month. Of the 26 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for 27408, NC
How long does it take to sell a home in 27408, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 25 Days | +74.5% |
Summary: Homes in 27408 had an average of 25 days on market in Mar 2024, up by 74.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 27408; 81% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.