Is 27597, 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, 27597 has remained a Seller's Market.
Key Takeaway
27597 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27597, NC
How much do homes in 27597, NC cost?
Median Sold Price
$359,930
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27597 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 27597 was $359,930 in April 2024, up 2.6% 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 | $193K | $230K | +19.2% |
| 3 Bedrooms | $344.9K | $339.2K | -1.7% |
| 4 Bedrooms | $405.3K | $384.9K | -5.0% |
| 5+ Bedrooms | $430K | $460K | +7.0% |
Summary: 27597 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 19.2%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 7%.
Housing Supply in 27597, NC
How many homes are available in 27597, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 157 | 163 | +3.8% |
Summary: The 27597 real estate market had 163 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 101 | 107 | +5.9% |
| 4 Bedrooms | 47 | 41 | -12.8% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 27597 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 42 | +23.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27597, expect to pay close to the asking price. 52.4% of homes here sold near the asking price last month.
Summary: A total of 42 homes were sold or pending in 27597 in April 2024, up by 23.5% month-over-month. Of the 42 sold homes, 38% were sold under asking, 52% were sold at asking, and 10% were sold over asking.
Days on Market for 27597, NC
How long does it take to sell a home in 27597, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 152 Days | 47 Days | -68.7% |
Summary: Homes in 27597 had an average of 47 days on market in Apr 2024, down by 68.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27597 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 42 homes were sold in 27597; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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