Is 27828, 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, 27828 has remained a Seller's Market.
Key Takeaway
27828 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27828, NC
How much do homes in 27828, NC cost?
Median Sold Price
$245,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27828 have sold for 28.9% more than they did a year ago.
Summary: The median home sold price in 27828 was $245,000 in April 2024, up 28.9% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.6K | $55K | -73.8% |
| 2 Bedrooms | $142.5K | $125.9K | -11.6% |
| 3 Bedrooms | $182K | $226.5K | +24.5% |
| 4 Bedrooms | $322.9K | $322.5K | -0.1% |
| 5+ Bedrooms | $263.6K | $240K | -9.0% |
Summary: 27828 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.8%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes increased by 24.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Zip Codes
| 27828 | $190K | $245K | +28.9% |
| 27834 | $217K | $232.5K | +7.1% |
Housing Supply in 27828, NC
How many homes are available in 27828, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The 27828 real estate market had 19 homes for sale in April 2024, a 26.7% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 27828 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 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27828, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 27828 in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 27828, NC
How long does it take to sell a home in 27828, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 18 Days | -48.4% |
Summary: Homes in 27828 had an average of 18 days on market in Apr 2024, down by 48.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27828 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 27828; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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