Is 27604, 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, 27604 has remained a Seller's Market.
Key Takeaway
27604 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27604, NC
How much do homes in 27604, NC cost?
Median Sold Price
$359,450
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27604 have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in 27604 was $359,450 in March 2024, down 2.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $230K | -4.2% |
| 2 Bedrooms | $279K | $270K | -3.2% |
| 3 Bedrooms | $355K | $346K | -2.5% |
| 4 Bedrooms | $415K | $427K | +2.9% |
| 5+ Bedrooms | $448.9K | $453K | +0.9% |
Summary: 27604 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 27604, NC
How many homes are available in 27604, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 158 | 159 | +0.6% |
Summary: The 27604 real estate market had 159 homes for sale in March 2024, a 0.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 34 | 31 | -8.8% |
| 3 Bedrooms | 72 | 76 | +5.6% |
| 4 Bedrooms | 42 | 40 | -4.8% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 27604 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 decreased by 8.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 47 | +30.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27604, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in 27604 in March 2024, up by 30.6% month-over-month. Of the 47 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for 27604, NC
How long does it take to sell a home in 27604, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 78 Days | 61 Days | -21.6% |
Summary: Homes in 27604 had an average of 61 days on market in Mar 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27604 has remained consistent over time.
Summary: During March 2024, 47 homes were sold in 27604; 15% of homes were sold within 30 days, 66% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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