Is 27610, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27610 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 27610 has remained a Seller's Market.

Key Takeaway

27610 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27610, NC

How much do homes in 27610, NC cost?

Median Sold Price

$330,375

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$12,056(-3.5%)

Key Takeaway

Homes in 27610 have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in 27610 was $330,375 in February 2024, down 3.5% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $350K$268.4K
-23.3%
2 $255K$250K
-2.0%
3 $336.3K$320K
-4.9%
4 $380K$370K
-2.6%
5+ $387.5K$387.7K
0.1%

Summary: 27610 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Zip Codes

27601
+5.4%
27603
-0.3%
27545
-2.4%
27604
-2.7%
27610
-3.5%

Housing Supply in 27610, NC

How many homes are available in 27610, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
228215-5.7%

Summary: The 27610 real estate market had 215 homes for sale in February 2024, a 5.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 2628
+7.7%
3 139131
-5.8%
4 5244
-15.4%
5+ 1011
+10.0%

Summary: The 27610 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4649+6.5%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27610, you may be able to get a good deal. 55.1% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 27610 in February 2024, up by 6.5% month-over-month. Of the 49 sold homes, 55% were sold under asking, 37% were sold at asking, and 8% were sold over asking.

Days on Market for 27610, NC

How long does it take to sell a home in 27610, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
83 Days101 Days+22.3%

Summary: Homes in 27610 had an average of 101 days on market in Feb 2024, up by 22.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 27610 has remained consistent over time.

Summary: During February 2024, 49 homes were sold in 27610; 2% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 27610, NC

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