Is 27589, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27589 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 27589 was a Buyer's Market.

Key Takeaway

27589 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 27589, NC

How much do homes in 27589, NC cost?

Median Sold Price

$166,100

$65/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$98,100(+144.3%)

Key Takeaway

Homes in 27589 have sold for 144.3% more than they did a month ago.

Summary: The median home sold price in 27589 was $166,100 in April 2024, up 144.3% from last month, and the median price per square foot was $65.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $68K-
N/A
3 -$85K
N/A
4 --
N/A
5+ -$247.2K
N/A

Summary: 27589 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 27589, NC

How many homes are available in 27589, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1012+20.0%

Summary: The 27589 real estate market had 12 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 68
+33.3%
4 22
0.0%
5+ 11
0.0%

Summary: The 27589 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 increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27589, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 27589 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 27589, NC

How long does it take to sell a home in 27589, NC?

Average Sale Time

Mar 2024Apr 2024CHANGE
28 Days86 Days+207.1%

Summary: Homes in 27589 had an average of 86 days on market in Apr 2024, up by 207.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27589 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 27589; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 27589, NC

Nearby Markets to 27589, NC