Is 27617, 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, 27617 has remained a Seller's Market.
Key Takeaway
27617 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27617, NC
How much do homes in 27617, NC cost?
Median Sold Price
$440,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27617 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 27617 was $440,000 in April 2024, up 3.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $230K | +4.5% |
| 2 Bedrooms | $334K | $326K | -2.4% |
| 3 Bedrooms | $435K | $440K | +1.1% |
| 4 Bedrooms | $494.3K | $512.6K | +3.7% |
| 5+ Bedrooms | $1.0M | $899.9K | -13.8% |
Summary: 27617 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 13.8%.
Housing Supply in 27617, NC
How many homes are available in 27617, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 103 | 96 | -6.8% |
Summary: The 27617 real estate market had 96 homes for sale in April 2024, a 6.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 57 | 53 | -7.0% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 27617 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 29 | -14.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27617, you may be able to get a good deal. 37.9% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 27617 in April 2024, down by 14.7% month-over-month. Of the 29 sold homes, 38% were sold under asking, 28% were sold at asking, and 34% were sold over asking.
Days on Market for 27617, NC
How long does it take to sell a home in 27617, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 25 Days | -62.4% |
Summary: Homes in 27617 had an average of 25 days on market in Apr 2024, down by 62.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27617 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in 27617; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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