Is 27537, 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, 27537 has remained a Seller's Market.
Key Takeaway
27537 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27537, NC
How much do homes in 27537, NC cost?
Median Sold Price
$282,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27537 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 27537 was $282,500 in March 2024, up 9.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | - | N/A |
| 2 Bedrooms | $227.5K | $212K | -6.8% |
| 3 Bedrooms | $250K | $285K | +14.0% |
| 4 Bedrooms | $264.2K | $302.5K | +14.5% |
| 5+ Bedrooms | $272.9K | $302.5K | +10.8% |
Summary: 27537 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 decreased by 6.8%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Zip Codes
| 27537 | $256.9K | $282.5K | +9.9% |
| 27536 | $205.5K | $195K | -5.1% |
Housing Supply in 27537, NC
How many homes are available in 27537, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The 27537 real estate market had 40 homes for sale in March 2024, a 8.1% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 27537 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 increased by 66.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27537, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 27537 in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 27537, NC
How long does it take to sell a home in 27537, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 90 Days | 65 Days | -27.8% |
Summary: Homes in 27537 had an average of 65 days on market in Mar 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27537 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 27537; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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