Is 27608, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 27608 has remained a Seller's Market.
Key Takeaway
27608 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27608, NC
How much do homes in 27608, NC cost?
Median Sold Price
$872,500
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27608 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 27608 was $872,500 in April 2024, up 12.6% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $400K | N/A |
| 2 Bedrooms | $480K | $415K | -13.5% |
| 3 Bedrooms | $751.1K | $785K | +4.5% |
| 4 Bedrooms | $1.2M | $1.2M | +2.1% |
| 5+ Bedrooms | $1.7M | $1.8M | +10.2% |
Summary: 27608 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in 27608, NC
How many homes are available in 27608, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 74 | -1.3% |
Summary: The 27608 real estate market had 74 homes for sale in April 2024, a 1.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 23 | 18 | -21.7% |
| 5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The 27608 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 35.3%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27608, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 27608 in April 2024, up by 16.7% month-over-month. Of the 21 sold homes, 38% were sold under asking, 29% were sold at asking, and 33% were sold over asking.
Days on Market for 27608, NC
How long does it take to sell a home in 27608, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 83 Days | 15 Days | -81.8% |
Summary: Homes in 27608 had an average of 15 days on market in Apr 2024, down by 81.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27608 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in 27608; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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