Is 27504, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 27504 was a Seller's Market.
Key Takeaway
27504 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27504, NC
How much do homes in 27504, NC cost?
Median Sold Price
$347,700
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27504 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 27504 was $347,700 in March 2024, up 0.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $195K | $175K | -10.3% |
| 3 Bedrooms | $335K | $335K | 0.0% |
| 4 Bedrooms | $386.1K | $401K | +3.9% |
| 5+ Bedrooms | $377.9K | $457.4K | +21.0% |
Summary: 27504 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 decreased by 10.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 21%.
Housing Supply in 27504, NC
How many homes are available in 27504, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 103 | 107 | +3.9% |
Summary: The 27504 real estate market had 107 homes for sale in March 2024, a 3.9% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 74 | 77 | +4.1% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 27504 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 33.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27504, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 27504 in March 2024, down by 29.2% month-over-month. Of the 17 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for 27504, NC
How long does it take to sell a home in 27504, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 107 Days | 143 Days | +32.8% |
Summary: Homes in 27504 had an average of 143 days on market in Mar 2024, up by 32.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 27504 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 17 homes were sold in 27504; 0% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 65% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved. 
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.