Is 27614, 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, 27614 has remained a Seller's Market.
Housing Prices in 27614, NC
How much do homes in 27614, NC cost?
Median Sold Price
$625,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27614 was $625,000 in March 2024, up 2.5% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $238K | +5.8% |
2 Bedrooms | $329.5K | $307K | -6.8% |
3 Bedrooms | $386.5K | $400K | +3.5% |
4 Bedrooms | $700K | $725K | +3.6% |
5+ Bedrooms | $881.5K | $907.5K | +2.9% |
Summary: 27614 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in 27614, NC
How many homes are available in 27614, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
133 | 143 | +7.5% |
Summary: The 27614 real estate market had 143 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 39 | 45 | +15.4% |
4 Bedrooms | 50 | 56 | +12.0% |
5+ Bedrooms | 34 | 32 | -5.9% |
Summary: The 27614 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 37 | +85.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 27614 in March 2024, up by 85.0% month-over-month. Of the 37 sold homes, 49% were sold under asking, 24% were sold at asking, and 27% were sold over asking.
Days on Market for 27614, NC
How long does it take to sell a home in 27614, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 61 Days | -11.5% |
Summary: Homes in 27614 had an average of 61 days on market in Mar 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in 27614; 19% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.