Is 27607, 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, 27607 has remained a Seller's Market.
Key Takeaway
27607 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27607, NC
How much do homes in 27607, NC cost?
Median Sold Price
$699,500
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27607 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 27607 was $699,500 in March 2024, up 7.6% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $399.5K | $433K | +8.4% |
| 3 Bedrooms | $527.5K | $580K | +10.0% |
| 4 Bedrooms | $725.5K | $1.0M | +39.9% |
| 5+ Bedrooms | $1.3M | $1.6M | +29.8% |
Summary: 27607 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 39.9%, and 5+ bedroom homes increased by 29.8%.
Housing Supply in 27607, NC
How many homes are available in 27607, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 101 | 102 | +1.0% |
Summary: The 27607 real estate market had 102 homes for sale in March 2024, a 1.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 34 | 35 | +2.9% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 27607 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 10%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 21 | +110.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27607, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 27607 in March 2024, up by 110.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 27607, NC
How long does it take to sell a home in 27607, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 101 Days | 44 Days | -56.2% |
Summary: Homes in 27607 had an average of 44 days on market in Mar 2024, down by 56.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27607 has remained consistent over time.
Summary: During March 2024, 21 homes were sold in 27607; 29% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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