Is 27707, 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, 27707 has remained a Seller's Market.
Key Takeaway
27707 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27707, NC
How much do homes in 27707, NC cost?
Median Sold Price
$406,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27707 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 27707 was $406,000 in March 2024, up 4.1% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203K | $233K | +14.8% |
| 2 Bedrooms | $275.5K | $285K | +3.4% |
| 3 Bedrooms | $377.6K | $380K | +0.6% |
| 4 Bedrooms | $576K | $545K | -5.4% |
| 5+ Bedrooms | $780K | $815K | +4.5% |
Summary: 27707 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 27707, NC
How many homes are available in 27707, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 110 | 123 | +11.8% |
Summary: The 27707 real estate market had 123 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 56 | 58 | +3.6% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 27707 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27707, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 27707 in March 2024, up by 8.3% month-over-month. Of the 26 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 27707, NC
How long does it take to sell a home in 27707, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 91 Days | +30.9% |
Summary: Homes in 27707 had an average of 91 days on market in Mar 2024, up by 30.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27707 has remained consistent over time.
Summary: During March 2024, 26 homes were sold in 27707; 19% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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