Is 27520, 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, 27520 has remained a Seller's Market.
Housing Prices in 27520, NC
How much do homes in 27520, NC cost?
Median Sold Price
$349,745
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27520 was $349,745 in March 2024, down 2.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $181K | $175K | -3.3% |
2 Bedrooms | $230K | $242.7K | +5.5% |
3 Bedrooms | $330K | $324.4K | -1.7% |
4 Bedrooms | $422.2K | $439.9K | +4.2% |
5+ Bedrooms | $540K | $559.9K | +3.7% |
Summary: 27520 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 27520, NC
How many homes are available in 27520, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
203 | 223 | +9.9% |
Summary: The 27520 real estate market had 223 homes for sale in March 2024, a 9.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 139 | 149 | +7.2% |
4 Bedrooms | 45 | 46 | +2.2% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The 27520 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 53 | +51.4% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in 27520 in March 2024, up by 51.4% month-over-month. Of the 53 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for 27520, NC
How long does it take to sell a home in 27520, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
102 Days | 76 Days | -25.5% |
Summary: Homes in 27520 had an average of 76 days on market in Mar 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 53 homes were sold in 27520; 8% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.