Is 27817, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 27817 has remained a Seller's Market.
Key Takeaway
27817 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27817, NC
How much do homes in 27817, NC cost?
Median Sold Price
$477,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27817 have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in 27817 was $477,000 in April 2024, up 12.9% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $87.5K | -39.7% |
| 3 Bedrooms | $410K | $425K | +3.7% |
| 4 Bedrooms | $525K | $550.8K | +4.9% |
| 5+ Bedrooms | $277K | - | N/A |
Summary: 27817 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes did not change.
Housing Supply in 27817, NC
How many homes are available in 27817, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Summary: The 27817 real estate market had 35 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 27817 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27817, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 27817 in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for 27817, NC
How long does it take to sell a home in 27817, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 87 Days | +437.7% |
Summary: Homes in 27817 had an average of 87 days on market in Apr 2024, up by 437.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27817 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in 27817; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
