Is 27527, 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, 27527 has remained a Seller's Market.
Housing Prices in 27527, NC
How much do homes in 27527, NC cost?
Median Sold Price
$399,914
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27527 was $399,914 in March 2024, down 2.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $265K | $290K | +9.4% |
3 Bedrooms | $361.3K | $352.5K | -2.5% |
4 Bedrooms | $448.4K | $456K | +1.7% |
5+ Bedrooms | $464.6K | $480.9K | +3.5% |
Summary: 27527 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 9.4%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in 27527, NC
How many homes are available in 27527, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
174 | 183 | +5.2% |
Summary: The 27527 real estate market had 183 homes for sale in March 2024, a 5.2% 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 | 10 | 9 | -10.0% |
3 Bedrooms | 84 | 85 | +1.2% |
4 Bedrooms | 65 | 74 | +13.8% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 27527 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 10%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 36 | -20.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 27527 in March 2024, down by 20.0% month-over-month. Of the 36 sold homes, 53% were sold under asking, 33% were sold at asking, and 14% were sold over asking.
Days on Market for 27527, NC
How long does it take to sell a home in 27527, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
122 Days | 84 Days | -31.1% |
Summary: Homes in 27527 had an average of 84 days on market in Mar 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 27527; 11% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.