Is 27525, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 27525 has remained a Seller's Market.
Key Takeaway
27525 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27525, NC
How much do homes in 27525, NC cost?
Median Sold Price
$356,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27525 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 27525 was $356,500 in April 2024, down 1.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $200K | $185K | -7.5% |
| 3 Bedrooms | $341.5K | $340K | -0.4% |
| 4 Bedrooms | $410K | $432K | +5.4% |
| 5+ Bedrooms | $415K | $485K | +16.9% |
Summary: 27525 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 16.9%.
Housing Supply in 27525, NC
How many homes are available in 27525, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 80 | +6.7% |
Summary: The 27525 real estate market had 80 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 37 | 42 | +13.5% |
| 4 Bedrooms | 27 | 28 | +3.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 27525 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27525, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 27525 in April 2024, down by 5.6% month-over-month. Of the 17 sold homes, 53% were sold under asking, 41% were sold at asking, and 6% were sold over asking.
Days on Market for 27525, NC
How long does it take to sell a home in 27525, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 89 Days | 37 Days | -58.9% |
Summary: Homes in 27525 had an average of 37 days on market in Apr 2024, down by 58.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27525 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in 27525; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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