Is 27615, 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, 27615 has remained a Seller's Market.
Key Takeaway
27615 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27615, NC
How much do homes in 27615, NC cost?
Median Sold Price
$496,250
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27615 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 27615 was $496,250 in April 2024, up 7% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192K | $207K | +7.8% |
| 2 Bedrooms | $273K | $290K | +6.2% |
| 3 Bedrooms | $410K | $430K | +4.9% |
| 4 Bedrooms | $635.5K | $675K | +6.2% |
| 5+ Bedrooms | $847.5K | $1.1M | +29.8% |
Summary: 27615 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 29.8%.
Housing Supply in 27615, NC
How many homes are available in 27615, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 172 | 174 | +1.2% |
Summary: The 27615 real estate market had 174 homes for sale in April 2024, a 1.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 27 | 31 | +14.8% |
| 3 Bedrooms | 64 | 67 | +4.7% |
| 4 Bedrooms | 50 | 53 | +6.0% |
| 5+ Bedrooms | 30 | 23 | -23.3% |
Summary: The 27615 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 23.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 52 | +2.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27615, you could pay more than the asking price. 44.2% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in 27615 in April 2024, up by 2.0% month-over-month. Of the 52 sold homes, 35% were sold under asking, 21% were sold at asking, and 44% were sold over asking.
Days on Market for 27615, NC
How long does it take to sell a home in 27615, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 20 Days | -68.6% |
Summary: Homes in 27615 had an average of 20 days on market in Apr 2024, down by 68.6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27615 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 52 homes were sold in 27615; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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