Is 27804, 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, 27804 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $18K | $36.9K | +105.0% |
2 Bedrooms | $161K | $140K | -13.0% |
3 Bedrooms | $207.9K | $220K | +5.8% |
4 Bedrooms | $330K | $294.7K | -10.7% |
5+ Bedrooms | $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%.
Housing Supply in 27804, NC
How many homes are available in 27804, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
131 | 127 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 70 | 63 | -10.0% |
4 Bedrooms | 32 | 39 | +21.9% |
5+ Bedrooms | 8 | 7 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 34 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 78 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
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.