Is 27518, 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, 27518 has remained a Seller's Market.
Housing Prices in 27518, NC
How much do homes in 27518, NC cost?
Median Sold Price
$712,500
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27518 was $712,500 in March 2024, up 6.3% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $290K | $277.5K | -4.3% |
3 Bedrooms | $522.5K | $595K | +13.9% |
4 Bedrooms | $700K | $729K | +4.1% |
5+ Bedrooms | $806K | $922.5K | +14.5% |
Summary: 27518 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 4.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 27518, NC
How many homes are available in 27518, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 49 | -3.9% |
Summary: The 27518 real estate market had 49 homes for sale in March 2024, a 3.9% 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 | 5 | 1 | -80.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 24 | 22 | -8.3% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 27518 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 80%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 27518 in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and 56% were sold over asking.
Days on Market for 27518, NC
How long does it take to sell a home in 27518, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 49 Days | +12.2% |
Summary: Homes in 27518 had an average of 49 days on market in Mar 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 27518; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.