Is 27603, 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, 27603 has remained a Seller's Market.
Key Takeaway
27603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27603, NC
How much do homes in 27603, NC cost?
Median Sold Price
$421,261
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27603 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 27603 was $421,261 in March 2024, up 0.6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $382.5K | $387.5K | +1.3% |
| 2 Bedrooms | $325K | $340K | +4.6% |
| 3 Bedrooms | $399.4K | $394.3K | -1.3% |
| 4 Bedrooms | $569.7K | $557.5K | -2.2% |
| 5+ Bedrooms | $556.2K | $615.2K | +10.6% |
Summary: 27603 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in 27603, NC
How many homes are available in 27603, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 204 | 215 | +5.4% |
Summary: The 27603 real estate market had 215 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 11 | +57.1% |
| 2 Bedrooms | 27 | 34 | +25.9% |
| 3 Bedrooms | 104 | 107 | +2.9% |
| 4 Bedrooms | 49 | 49 | 0.0% |
| 5+ Bedrooms | 17 | 14 | -17.6% |
Summary: The 27603 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 52 | +57.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27603, expect to pay close to the asking price. 36.5% of homes here sold near the asking price last month.
Summary: A total of 52 homes were sold or pending in 27603 in March 2024, up by 57.6% month-over-month. Of the 52 sold homes, 35% were sold under asking, 37% were sold at asking, and 29% were sold over asking.
Days on Market for 27603, NC
How long does it take to sell a home in 27603, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 85 Days | -2.1% |
Summary: Homes in 27603 had an average of 85 days on market in Mar 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27603 has remained consistent over time.
Summary: During March 2024, 52 homes were sold in 27603; 12% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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