Is 27609, 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, 27609 has remained a Seller's Market.
Key Takeaway
27609 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27609, NC
How much do homes in 27609, NC cost?
Median Sold Price
$503,095
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27609 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 27609 was $503,095 in March 2024, up 3.2% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164K | $221.5K | +35.1% |
| 2 Bedrooms | $270K | $290K | +7.4% |
| 3 Bedrooms | $445.9K | $440K | -1.3% |
| 4 Bedrooms | $677.5K | $730K | +7.7% |
| 5+ Bedrooms | $1.6M | $1.6M | 0.2% |
Summary: 27609 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.1%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in 27609, NC
How many homes are available in 27609, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 180 | 171 | -5.0% |
Summary: The 27609 real estate market had 171 homes for sale in March 2024, a 5.0% 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 | 21 | 19 | -9.5% |
| 3 Bedrooms | 59 | 57 | -3.4% |
| 4 Bedrooms | 53 | 52 | -1.9% |
| 5+ Bedrooms | 45 | 42 | -6.7% |
Summary: The 27609 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 9.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 44 | -10.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27609, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 27609 in March 2024, down by 10.2% month-over-month. Of the 44 sold homes, 52% were sold under asking, 14% were sold at asking, and 34% were sold over asking.
Days on Market for 27609, NC
How long does it take to sell a home in 27609, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 90 Days | +18.6% |
Summary: Homes in 27609 had an average of 90 days on market in Mar 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27609 has remained consistent over time.
Summary: During March 2024, 44 homes were sold in 27609; 11% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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