Is 27576, 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, 27576 has remained a Seller's Market.
Key Takeaway
27576 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27576, NC
How much do homes in 27576, NC cost?
Median Sold Price
$314,450
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27576 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 27576 was $314,450 in April 2024, down 1.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $185K | +8.8% |
| 3 Bedrooms | $306.2K | $309.9K | +1.2% |
| 4 Bedrooms | $354.6K | $425K | +19.9% |
| 5+ Bedrooms | $451.5K | $444.7K | -1.5% |
Summary: 27576 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 8.8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 27576, NC
How many homes are available in 27576, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 66 | -12.0% |
Summary: The 27576 real estate market had 66 homes for sale in April 2024, a 12.0% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 56 | 49 | -12.5% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 27576 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 12.5%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27576, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 27576 in April 2024, down by 23.8% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for 27576, NC
How long does it take to sell a home in 27576, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 107 Days | 87 Days | -18.6% |
Summary: Homes in 27576 had an average of 87 days on market in Apr 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27576 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in 27576; 56% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.