Is 27801, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27801 is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, 27801 has remained a Buyer's Market.

Key Takeaway

27801 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27801, NC

How much do homes in 27801, NC cost?

Median Sold Price

$139,000

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$21,250(+18.0%)

Key Takeaway

Homes in 27801 have sold for 18% more than they did a year ago.

Summary: The median home sold price in 27801 was $139,000 in March 2024, up 18% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $62.5K$73.5K
+17.6%
3 $130K$150K
+15.4%
4 $309.8K$252.5K
-18.5%
5+ $175K$181K
+3.4%

Summary: 27801 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Zip Codes

27801
+18.0%
27804
+9.4%
27809
-2.4%
27803
-10.9%

Housing Supply in 27801, NC

How many homes are available in 27801, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7273+1.4%

Summary: The 27801 real estate market had 73 homes for sale in March 2024, a 1.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1818
0.0%
3 3740
+8.1%
4 1210
-16.7%
5+ 44
0.0%

Summary: The 27801 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
770.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27801, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 27801 in March 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for 27801, NC

How long does it take to sell a home in 27801, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
100 Days58 Days-41.3%

Summary: Homes in 27801 had an average of 58 days on market in Mar 2024, down by 41.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27801 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 7 homes were sold in 27801; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% 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 28 Days Ago

Newest Listings in 27801, NC

Nearby Markets to 27801, NC