Is 27519, 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, 27519 has remained a Seller's Market.
Key Takeaway
27519 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27519, NC
How much do homes in 27519, NC cost?
Median Sold Price
$657,500
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27519 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 27519 was $657,500 in March 2024, up 5.2% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $269.9K | +5.8% |
| 2 Bedrooms | $450K | $450K | 0.0% |
| 3 Bedrooms | $543.7K | $550.3K | +1.2% |
| 4 Bedrooms | $619.3K | $720.6K | +16.3% |
| 5+ Bedrooms | $974.7K | $1.0M | +7.6% |
Summary: 27519 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in 27519, NC
How many homes are available in 27519, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 139 | 171 | +23.0% |
Summary: The 27519 real estate market had 171 homes for sale in March 2024, a 23.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 16 | -15.8% |
| 3 Bedrooms | 54 | 61 | +13.0% |
| 4 Bedrooms | 39 | 53 | +35.9% |
| 5+ Bedrooms | 26 | 40 | +53.8% |
Summary: The 27519 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 15.8%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 35.9%, and 5+ bedroom homes increased by 53.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 49 | +48.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27519, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 49 homes were sold or pending in 27519 in March 2024, up by 48.5% month-over-month. Of the 49 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 27519, NC
How long does it take to sell a home in 27519, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 43 Days | -46.3% |
Summary: Homes in 27519 had an average of 43 days on market in Mar 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27519 has remained consistent over time.
Summary: During March 2024, 49 homes were sold in 27519; 35% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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