Is 27596, 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, 27596 has remained a Seller's Market.
Key Takeaway
27596 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27596, NC
How much do homes in 27596, NC cost?
Median Sold Price
$425,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27596 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 27596 was $425,000 in March 2024, up 2.2% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $310K | $315K | +1.6% |
| 3 Bedrooms | $380.2K | $380K | -0.1% |
| 4 Bedrooms | $450K | $478.3K | +6.3% |
| 5+ Bedrooms | $459K | $496.2K | +8.1% |
Summary: 27596 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 1.6%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 8.1%.
Housing Supply in 27596, NC
How many homes are available in 27596, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 128 | 110 | -14.1% |
Summary: The 27596 real estate market had 110 homes for sale in March 2024, a 14.1% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 60 | 48 | -20.0% |
| 4 Bedrooms | 58 | 56 | -3.4% |
| 5+ Bedrooms | 10 | 6 | -40.0% |
Summary: The 27596 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27596, expect to pay close to the asking price. 44% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in 27596 in March 2024, down by 21.9% month-over-month. Of the 25 sold homes, 36% were sold under asking, 44% were sold at asking, and 20% were sold over asking.
Days on Market for 27596, NC
How long does it take to sell a home in 27596, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 128 Days | 68 Days | -46.7% |
Summary: Homes in 27596 had an average of 68 days on market in Mar 2024, down by 46.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27596 has remained consistent over time.
Summary: During March 2024, 25 homes were sold in 27596; 16% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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