Is 27516, 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, 27516 has remained a Seller's Market.
Housing Prices in 27516, NC
How much do homes in 27516, NC cost?
Median Sold Price
$625,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27516 was $625,000 in March 2024, up 1.5% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266K | $320K | +20.3% |
2 Bedrooms | $385K | $386.2K | 0.3% |
3 Bedrooms | $522.1K | $522.5K | 0.1% |
4 Bedrooms | $727.2K | $717.5K | -1.3% |
5+ Bedrooms | $897.2K | $877.5K | -2.2% |
Summary: 27516 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.3%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in 27516, NC
How many homes are available in 27516, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
138 | 163 | +18.1% |
Summary: The 27516 real estate market had 163 homes for sale in March 2024, a 18.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 9 | 14 | +55.6% |
3 Bedrooms | 62 | 61 | -1.6% |
4 Bedrooms | 46 | 55 | +19.6% |
5+ Bedrooms | 20 | 30 | +50.0% |
Summary: The 27516 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 55.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 33 | -10.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 27516 in March 2024, down by 10.8% month-over-month. Of the 33 sold homes, 27% were sold under asking, 6% were sold at asking, and 67% were sold over asking.
Days on Market for 27516, NC
How long does it take to sell a home in 27516, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
96 Days | 52 Days | -45.0% |
Summary: Homes in 27516 had an average of 52 days on market in Mar 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 27516; 21% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.