Is 27534, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 27534 was a Seller's Market.
Key Takeaway
27534 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27534, NC
How much do homes in 27534, NC cost?
Median Sold Price
$255,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27534 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 27534 was $255,000 in April 2024, up 3.8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $160K | $167.2K | +4.5% |
| 3 Bedrooms | $235K | $246.5K | +4.9% |
| 4 Bedrooms | $330K | $317.7K | -3.7% |
| 5+ Bedrooms | $420K | $415K | -1.2% |
Summary: 27534 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 increased by 4.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 27534, NC
How many homes are available in 27534, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 137 | 134 | -2.2% |
Summary: The 27534 real estate market had 134 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 76 | 75 | -1.3% |
| 4 Bedrooms | 54 | 50 | -7.4% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 27534 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 20 | -37.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27534, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 27534 in April 2024, down by 37.5% month-over-month. Of the 20 sold homes, 45% were sold under asking, 50% were sold at asking, and 5% were sold over asking.
Days on Market for 27534, NC
How long does it take to sell a home in 27534, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 63 Days | -4.4% |
Summary: Homes in 27534 had an average of 63 days on market in Apr 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27534 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in 27534; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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