Is 27522, 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, 27522 has remained a Seller's Market.
Key Takeaway
27522 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27522, NC
How much do homes in 27522, NC cost?
Median Sold Price
$336,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27522 have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in 27522 was $336,000 in March 2024, down 6.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127K | - | N/A |
| 2 Bedrooms | $215.5K | $249.5K | +15.8% |
| 3 Bedrooms | $332K | $315K | -5.1% |
| 4 Bedrooms | $390K | $392.5K | +0.6% |
| 5+ Bedrooms | $390K | $424.9K | +8.9% |
Summary: 27522 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 increased by 15.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in 27522, NC
How many homes are available in 27522, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Summary: The 27522 real estate market had 35 homes for sale in March 2024, a 9.4% increase 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 27522 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27522, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 27522 in March 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for 27522, NC
How long does it take to sell a home in 27522, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 55 Days | -28.4% |
Summary: Homes in 27522 had an average of 55 days on market in Mar 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27522 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in 27522; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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