Is 27560, 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, 27560 has remained a Seller's Market.
Housing Prices in 27560, NC
How much do homes in 27560, NC cost?
Median Sold Price
$516,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27560 was $516,000 in March 2024, up 3.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $327.5K | $340K | +3.8% |
3 Bedrooms | $458.5K | $434.5K | -5.2% |
4 Bedrooms | $612.5K | $656.8K | +7.2% |
5+ Bedrooms | $834.1K | $820K | -1.7% |
Summary: 27560 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 3.8%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in 27560, NC
How many homes are available in 27560, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 54 | +5.9% |
Summary: The 27560 real estate market had 54 homes for sale in March 2024, a 5.9% 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 | 7 | 8 | +14.3% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 15 | 13 | -13.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 27560 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 14.3%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 13 | -31.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 27560 in March 2024, down by 31.6% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for 27560, NC
How long does it take to sell a home in 27560, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
105 Days | 53 Days | -49.7% |
Summary: Homes in 27560 had an average of 53 days on market in Mar 2024, down by 49.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 27560; 23% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.