Is 27514, 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, 27514 has remained a Seller's Market.
Key Takeaway
27514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27514, NC
How much do homes in 27514, NC cost?
Median Sold Price
$725,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27514 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 27514 was $725,000 in March 2024, up 12.4% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $168.2K | +64.1% |
| 2 Bedrooms | $252.7K | $297.5K | +17.7% |
| 3 Bedrooms | $507.5K | $584.9K | +15.3% |
| 4 Bedrooms | $819K | $915K | +11.7% |
| 5+ Bedrooms | $1.2M | $1.0M | -11.1% |
Summary: 27514 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.1%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 11.1%.
Housing Supply in 27514, NC
How many homes are available in 27514, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 73 | +17.7% |
Summary: The 27514 real estate market had 73 homes for sale in March 2024, a 17.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 8 | 14 | +75.0% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 27514 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 23 | +155.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27514, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 27514 in March 2024, up by 155.6% month-over-month. Of the 23 sold homes, 30% were sold under asking, 17% were sold at asking, and 52% were sold over asking.
Days on Market for 27514, NC
How long does it take to sell a home in 27514, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 59 Days | -6.0% |
Summary: Homes in 27514 had an average of 59 days on market in Mar 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27514 has remained consistent over time.
Summary: During March 2024, 23 homes were sold in 27514; 35% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.