Is 27616, 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, 27616 has remained a Seller's Market.
Housing Prices in 27616, NC
How much do homes in 27616, NC cost?
Median Sold Price
$364,937
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27616 was $364,937 in March 2024, down 4.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166K | $183.4K | +10.5% |
2 Bedrooms | $276K | $270K | -2.2% |
3 Bedrooms | $357.5K | $348.9K | -2.4% |
4 Bedrooms | $440K | $432.5K | -1.7% |
5+ Bedrooms | $562.5K | $541.2K | -3.8% |
Summary: 27616 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in 27616, NC
How many homes are available in 27616, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
160 | 154 | -3.8% |
Summary: The 27616 real estate market had 154 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 12 | 7 | -41.7% |
3 Bedrooms | 100 | 99 | -1.0% |
4 Bedrooms | 38 | 41 | +7.9% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 27616 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 45 | +28.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in 27616 in March 2024, up by 28.6% month-over-month. Of the 45 sold homes, 51% were sold under asking, 33% were sold at asking, and 16% were sold over asking.
Days on Market for 27616, NC
How long does it take to sell a home in 27616, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 73 Days | -22.4% |
Summary: Homes in 27616 had an average of 73 days on market in Mar 2024, down by 22.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in 27616; 9% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.