Is 27834, 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, 27834 has remained a Seller's Market.
Key Takeaway
27834 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27834, NC
How much do homes in 27834, NC cost?
Median Sold Price
$230,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27834 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 27834 was $230,000 in March 2024, up 7% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $93.5K | +20.6% |
| 2 Bedrooms | $120.5K | $142.2K | +18.0% |
| 3 Bedrooms | $225K | $230K | +2.2% |
| 4 Bedrooms | $308.2K | $375K | +21.7% |
| 5+ Bedrooms | $321.2K | $280K | -12.8% |
Summary: 27834 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 12.8%.
Housing Supply in 27834, NC
How many homes are available in 27834, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 136 | 141 | +3.7% |
Summary: The 27834 real estate market had 141 homes for sale in March 2024, a 3.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 66 | 79 | +19.7% |
| 4 Bedrooms | 42 | 31 | -26.2% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 27834 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 remained the same, 3 bedroom homes increased by 19.7%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 26 | -18.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27834, expect to pay close to the asking price. 42.3% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in 27834 in March 2024, down by 18.8% month-over-month. Of the 26 sold homes, 38% were sold under asking, 42% were sold at asking, and 19% were sold over asking.
Days on Market for 27834, NC
How long does it take to sell a home in 27834, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 47 Days | +36.0% |
Summary: Homes in 27834 had an average of 47 days on market in Mar 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27834 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in 27834; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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