Is 27705, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 27705 was a Seller's Market.
Housing Prices in 27705, NC
How much do homes in 27705, NC cost?
Median Sold Price
$490,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27705 was $490,000 in March 2024, up 9.1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186K | $192.1K | +3.3% |
2 Bedrooms | $303.5K | $307K | +1.2% |
3 Bedrooms | $436K | $451K | +3.4% |
4 Bedrooms | $700K | $753K | +7.6% |
5+ Bedrooms | $860K | $858.8K | -0.1% |
Summary: 27705 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in 27705, NC
How many homes are available in 27705, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 117 | +37.6% |
Summary: The 27705 real estate market had 117 homes for sale in March 2024, a 37.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 20 | 28 | +40.0% |
3 Bedrooms | 30 | 43 | +43.3% |
4 Bedrooms | 21 | 31 | +47.6% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 27705 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 43.3%, 4 bedroom homes increased by 47.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 27705 in March 2024, up by 5.6% month-over-month. Of the 19 sold homes, 42% were sold under asking, 21% were sold at asking, and 37% were sold over asking.
Days on Market for 27705, NC
How long does it take to sell a home in 27705, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 56 Days | -37.6% |
Summary: Homes in 27705 had an average of 56 days on market in Mar 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 27705; 5% of homes were sold within 30 days, 84% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.