Is 27605, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 27605 was a Neutral Market.
Key Takeaway
27605 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27605, NC
How much do homes in 27605, NC cost?
Median Sold Price
$404,957
$389/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27605 have sold for 24.3% less than they did a year ago.
Summary: The median home sold price in 27605 was $404,957 in March 2024, down 24.3% from last year, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268.5K | $290K | +8.0% |
| 2 Bedrooms | $383.4K | $399.9K | +4.3% |
| 3 Bedrooms | $950K | $822.4K | -13.4% |
| 4 Bedrooms | $975K | $875K | -10.3% |
| 5+ Bedrooms | $1.7M | $955K | -44.2% |
Summary: 27605 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 44.2%.
Housing Supply in 27605, NC
How many homes are available in 27605, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Summary: The 27605 real estate market had 23 homes for sale in March 2024, a 27.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 27605 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 increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27605, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 27605 in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 27605, NC
How long does it take to sell a home in 27605, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 129 Days | 25 Days | -80.2% |
Summary: Homes in 27605 had an average of 25 days on market in Mar 2024, down by 80.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27605 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 27605; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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