Is 27712, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27712 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 27712 was a Seller's Market.

Key Takeaway

27712 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 27712, NC

How much do homes in 27712, NC cost?

Median Sold Price

$425,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$4,000(+1.0%)

Key Takeaway

Homes in 27712 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 27712 was $425,000 in February 2024, up 1% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $327.5K$350K
+6.9%
3 $375K$389.8K
+3.9%
4 $495.2K$507.5K
+2.5%
5+ $635K$566.9K
-10.7%

Summary: 27712 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

27705
+10.1%
27712
+1.0%
27704
0.4%
27278
0.1%

Housing Supply in 27712, NC

How many homes are available in 27712, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6672+9.1%

Summary: The 27712 real estate market had 72 homes for sale in February 2024, a 9.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 3239
+21.9%
4 1922
+15.8%
5+ 107
-30.0%

Summary: The 27712 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1711-35.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27712, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 27712 in February 2024, down by 35.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.

Days on Market for 27712, NC

How long does it take to sell a home in 27712, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
77 Days107 Days+39.3%

Summary: Homes in 27712 had an average of 107 days on market in Feb 2024, up by 39.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 27712 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 11 homes were sold in 27712; 18% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 55% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 27712, NC

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