Is 27701, 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, 27701 has remained a Seller's Market.
Housing Prices in 27701, NC
How much do homes in 27701, NC cost?
Median Sold Price
$470,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 27701 was $470,000 in April 2024, up 12.4% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $365K | +12.3% |
2 Bedrooms | $274.7K | $476.5K | +73.5% |
3 Bedrooms | $474K | $432.5K | -8.8% |
4 Bedrooms | $712.5K | $763K | +7.1% |
5+ Bedrooms | $747.3K | $660K | -11.7% |
Summary: 27701 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 73.5%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 11.7%.
Housing Supply in 27701, NC
How many homes are available in 27701, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
116 | 123 | +6.0% |
Summary: The 27701 real estate market had 123 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 15 | +15.4% |
2 Bedrooms | 23 | 25 | +8.7% |
3 Bedrooms | 52 | 54 | +3.8% |
4 Bedrooms | 21 | 24 | +14.3% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 27701 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 24 | +4.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 27701 in April 2024, up by 4.3% month-over-month. Of the 24 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for 27701, NC
How long does it take to sell a home in 27701, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
207 Days | 57 Days | -72.3% |
Summary: Homes in 27701 had an average of 57 days on market in Apr 2024, down by 72.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in 27701; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.