Is 27571, 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, 27571 has remained a Seller's Market.
Key Takeaway
27571 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27571, NC
How much do homes in 27571, NC cost?
Median Sold Price
$475,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27571 have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in 27571 was $475,000 in April 2024, down 5.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $282K | +15.1% |
| 3 Bedrooms | $385K | $360K | -6.5% |
| 4 Bedrooms | $520K | $512.5K | -1.4% |
| 5+ Bedrooms | $600K | $575K | -4.2% |
Summary: 27571 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 15.1%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in 27571, NC
How many homes are available in 27571, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The 27571 real estate market had 25 homes for sale in April 2024, a 3.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 27571 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27571, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 27571 in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for 27571, NC
How long does it take to sell a home in 27571, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 37 Days | -38.7% |
Summary: Homes in 27571 had an average of 37 days on market in Apr 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27571 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 27571; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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