Is 27612, 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, 27612 has remained a Seller's Market.
Key Takeaway
27612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27612, NC
How much do homes in 27612, NC cost?
Median Sold Price
$512,250
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27612 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 27612 was $512,250 in April 2024, up 7.5% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $234.5K | +14.4% |
| 2 Bedrooms | $315K | $306.2K | -2.8% |
| 3 Bedrooms | $455K | $470K | +3.3% |
| 4 Bedrooms | $700K | $677K | -3.3% |
| 5+ Bedrooms | $1.2M | $887K | -28.2% |
Summary: 27612 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 28.2%.
Housing Supply in 27612, NC
How many homes are available in 27612, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 110 | 135 | +22.7% |
Summary: The 27612 real estate market had 135 homes for sale in April 2024, a 22.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 17 | 23 | +35.3% |
| 3 Bedrooms | 39 | 51 | +30.8% |
| 4 Bedrooms | 34 | 41 | +20.6% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The 27612 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27612, you could pay more than the asking price. 45.9% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in 27612 in April 2024, up by 37.0% month-over-month. Of the 37 sold homes, 27% were sold under asking, 27% were sold at asking, and 46% were sold over asking.
Days on Market for 27612, NC
How long does it take to sell a home in 27612, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 73 Days | 16 Days | -77.5% |
Summary: Homes in 27612 had an average of 16 days on market in Apr 2024, down by 77.5% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27612 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in 27612; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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