Is 27704, 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, 27704 has remained a Seller's Market.
Key Takeaway
27704 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27704, NC
How much do homes in 27704, NC cost?
Median Sold Price
$332,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27704 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 27704 was $332,000 in March 2024, up 0.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $160K | -8.6% |
| 2 Bedrooms | $260K | $290K | +11.5% |
| 3 Bedrooms | $327K | $330.2K | +1.0% |
| 4 Bedrooms | $376.8K | $389.2K | +3.3% |
| 5+ Bedrooms | $400K | $422.5K | +5.6% |
Summary: 27704 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in 27704, NC
How many homes are available in 27704, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 167 | 148 | -11.4% |
Summary: The 27704 real estate market had 148 homes for sale in March 2024, a 11.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 30 | 25 | -16.7% |
| 3 Bedrooms | 111 | 95 | -14.4% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 27704 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 55 | +19.6% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27704, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in 27704 in March 2024, up by 19.6% month-over-month. Of the 55 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for 27704, NC
How long does it take to sell a home in 27704, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 88 Days | +16.6% |
Summary: Homes in 27704 had an average of 88 days on market in Mar 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27704 has remained consistent over time.
Summary: During March 2024, 55 homes were sold in 27704; 7% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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