Is 27606, 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, 27606 has remained a Seller's Market.
Key Takeaway
27606 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27606, NC
How much do homes in 27606, NC cost?
Median Sold Price
$456,909
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27606 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 27606 was $456,909 in March 2024, up 7.3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170.5K | $279.9K | +64.2% |
| 2 Bedrooms | $262K | $292K | +11.5% |
| 3 Bedrooms | $440K | $462.2K | +5.1% |
| 4 Bedrooms | $625K | $705K | +12.8% |
| 5+ Bedrooms | $711K | $828.5K | +16.5% |
Summary: 27606 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.2%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 16.5%.
Housing Supply in 27606, NC
How many homes are available in 27606, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 117 | 116 | -0.9% |
Summary: The 27606 real estate market had 116 homes for sale in March 2024, a 0.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 26 | 20 | -23.1% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 47 | 51 | +8.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 27606 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27606, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in 27606 in March 2024, up by 24.1% month-over-month. Of the 36 sold homes, 31% were sold under asking, 39% were sold at asking, and 31% were sold over asking.
Days on Market for 27606, NC
How long does it take to sell a home in 27606, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 122 Days | +62.5% |
Summary: Homes in 27606 had an average of 122 days on market in Mar 2024, up by 62.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27606 has remained consistent over time.
Summary: During March 2024, 36 homes were sold in 27606; 14% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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