Is 27502, 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, 27502 has remained a Seller's Market.
Key Takeaway
27502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27502, NC
How much do homes in 27502, NC cost?
Median Sold Price
$557,652
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27502 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 27502 was $557,652 in March 2024, up 4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $337.9K | $355K | +5.0% |
| 3 Bedrooms | $455K | $465K | +2.2% |
| 4 Bedrooms | $575K | $583.1K | +1.4% |
| 5+ Bedrooms | $859.4K | $757K | -11.9% |
Summary: 27502 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 5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 11.9%.
Housing Supply in 27502, NC
How many homes are available in 27502, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 142 | 127 | -10.6% |
Summary: The 27502 real estate market had 127 homes for sale in March 2024, a 10.6% decrease 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 52 | 50 | -3.8% |
| 4 Bedrooms | 49 | 48 | -2.0% |
| 5+ Bedrooms | 34 | 24 | -29.4% |
Summary: The 27502 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 decreased by 28.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 29.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 41 | -8.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27502, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in 27502 in March 2024, down by 8.9% month-over-month. Of the 41 sold homes, 34% were sold under asking, 17% were sold at asking, and 49% were sold over asking.
Days on Market for 27502, NC
How long does it take to sell a home in 27502, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 127 Days | 67 Days | -46.9% |
Summary: Homes in 27502 had an average of 67 days on market in Mar 2024, down by 46.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27502 has remained consistent over time.
Summary: During March 2024, 41 homes were sold in 27502; 7% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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