Is 27517, 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, 27517 has remained a Seller's Market.
Key Takeaway
27517 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27517, NC
How much do homes in 27517, NC cost?
Median Sold Price
$699,500
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27517 have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in 27517 was $699,500 in March 2024, up 13.7% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $376K | $392.6K | +4.4% |
| 2 Bedrooms | $310K | $300K | -3.2% |
| 3 Bedrooms | $525K | $620K | +18.1% |
| 4 Bedrooms | $789.2K | $849.2K | +7.6% |
| 5+ Bedrooms | $940K | $1.0M | +6.4% |
Summary: 27517 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 27517, NC
How many homes are available in 27517, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 133 | 143 | +7.5% |
Summary: The 27517 real estate market had 143 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 35 | 33 | -5.7% |
| 4 Bedrooms | 42 | 45 | +7.1% |
| 5+ Bedrooms | 35 | 41 | +17.1% |
Summary: The 27517 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27517, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in 27517 in March 2024, up by 18.5% month-over-month. Of the 32 sold homes, 41% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for 27517, NC
How long does it take to sell a home in 27517, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 93 Days | 64 Days | -30.8% |
Summary: Homes in 27517 had an average of 64 days on market in Mar 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27517 has remained consistent over time.
Summary: During March 2024, 32 homes were sold in 27517; 25% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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