Is 27703, 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, 27703 has remained a Seller's Market.
Housing Prices in 27703, NC
How much do homes in 27703, NC cost?
Median Sold Price
$416,946
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 27703 was $416,946 in April 2024, up 1.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $409.9K | $414K | +1.0% |
3 Bedrooms | $385.7K | $390.3K | +1.2% |
4 Bedrooms | $470K | $455.4K | -3.1% |
5+ Bedrooms | $545K | $560K | +2.8% |
Summary: 27703 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in 27703, NC
How many homes are available in 27703, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
290 | 282 | -2.8% |
Summary: The 27703 real estate market had 282 homes for sale in April 2024, a 2.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 48 | 44 | -8.3% |
3 Bedrooms | 156 | 158 | +1.3% |
4 Bedrooms | 70 | 63 | -10.0% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 27703 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 87 | +22.5% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in 27703 in April 2024, up by 22.5% month-over-month. Of the 87 sold homes, 40% were sold under asking, 34% were sold at asking, and 25% were sold over asking.
Days on Market for 27703, NC
How long does it take to sell a home in 27703, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
77 Days | 39 Days | -48.5% |
Summary: Homes in 27703 had an average of 39 days on market in Apr 2024, down by 48.5% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 87 homes were sold in 27703; 68% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.