Is 27803, 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, 27803 has remained a Seller's Market.
Housing Prices in 27803, NC
How much do homes in 27803, NC cost?
Median Sold Price
$218,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27803 was $218,000 in March 2024, down 10.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $29.9K | $59.9K | +100.3% |
2 Bedrooms | $59.7K | $69K | +15.5% |
3 Bedrooms | $220K | $217.5K | -1.1% |
4 Bedrooms | $287K | $287.5K | 0.2% |
5+ Bedrooms | $332.5K | $385K | +15.8% |
Summary: 27803 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100.3%, 2 bedroom homes increased by 15.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in 27803, NC
How many homes are available in 27803, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 87 | +11.5% |
Summary: The 27803 real estate market had 87 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 48 | 51 | +6.3% |
4 Bedrooms | 13 | 19 | +46.2% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 27803 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 increased by 15.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 15 | -21.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 27803 in March 2024, down by 21.1% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for 27803, NC
How long does it take to sell a home in 27803, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 42 Days | -33.5% |
Summary: Homes in 27803 had an average of 42 days on market in Mar 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 27803; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.