Is 27804, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27804 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 27804 has remained a Seller's Market.

Key Takeaway

27804 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27804, NC

How much do homes in 27804, NC cost?

Median Sold Price

$239,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,516(+9.4%)

Key Takeaway

Homes in 27804 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 27804 was $239,000 in March 2024, up 9.4% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $18K$36.9K
+105.0%
2 $161K$140K
-13.0%
3 $207.9K$220K
+5.8%
4 $330K$294.7K
-10.7%
5+ $440K$299.9K
-31.8%

Summary: 27804 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 105%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 31.8%.

Median Sold Price Compared To Nearby Zip Codes

27801
+18.0%
27804
+9.4%
27856
+2.7%
27809
-2.4%
27803
-10.9%

Housing Supply in 27804, NC

How many homes are available in 27804, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
131127-3.1%

Summary: The 27804 real estate market had 127 homes for sale in March 2024, a 3.1% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 2018
-10.0%
3 7063
-10.0%
4 3239
+21.9%
5+ 87
-12.5%

Summary: The 27804 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2234+54.5%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27804, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 27804 in March 2024, up by 54.5% month-over-month. Of the 34 sold homes, 68% were sold under asking, 26% were sold at asking, and 6% were sold over asking.

Days on Market for 27804, NC

How long does it take to sell a home in 27804, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
59 Days78 Days+33.1%

Summary: Homes in 27804 had an average of 78 days on market in Mar 2024, up by 33.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 27804 has remained consistent over time.

Summary: During March 2024, 34 homes were sold in 27804; 26% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 29% 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 17 Days Ago

Newest Listings in 27804, NC

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