Is 27587, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 27587 has remained a Seller's Market.
Housing Prices in 27587, NC
How much do homes in 27587, NC cost?
Median Sold Price
$540,318
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 27587 was $540,318 in February 2024, down 1.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272K | $282K | +3.7% |
2 Bedrooms | $408.5K | $349.8K | -14.4% |
3 Bedrooms | $425K | $407.7K | -4.1% |
4 Bedrooms | $622.5K | $637.6K | +2.4% |
5+ Bedrooms | $673.1K | $655K | -2.7% |
Summary: 27587 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in 27587, NC
How many homes are available in 27587, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
421 | 432 | +2.6% |
Summary: The 27587 real estate market had 432 homes for sale in February 2024, a 2.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 135 | 154 | +14.1% |
4 Bedrooms | 177 | 175 | -1.1% |
5+ Bedrooms | 93 | 85 | -8.6% |
Summary: The 27587 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 14.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 8.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
58 | 87 | +50.0% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in 27587 in February 2024, up by 50.0% month-over-month. Of the 87 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% were sold over asking.
Days on Market for 27587, NC
How long does it take to sell a home in 27587, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
135 Days | 106 Days | -21.2% |
Summary: Homes in 27587 had an average of 106 days on market in Feb 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During February 2024, 87 homes were sold in 27587; 6% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.