Is 27858, 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, 27858 has remained a Seller's Market.
Key Takeaway
27858 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27858, NC
How much do homes in 27858, NC cost?
Median Sold Price
$280,774
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27858 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 27858 was $280,774 in March 2024, down 1.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116.2K | $133.5K | +14.9% |
| 2 Bedrooms | $160K | $170.1K | +6.4% |
| 3 Bedrooms | $257.1K | $271.4K | +5.6% |
| 4 Bedrooms | $385K | $380K | -1.3% |
| 5+ Bedrooms | $429.9K | $395.7K | -8.0% |
Summary: 27858 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 8%.
Housing Supply in 27858, NC
How many homes are available in 27858, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 194 | 177 | -8.8% |
Summary: The 27858 real estate market had 177 homes for sale in March 2024, a 8.8% decrease 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 | 24 | 20 | -16.7% |
| 3 Bedrooms | 111 | 108 | -2.7% |
| 4 Bedrooms | 44 | 36 | -18.2% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The 27858 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 decreased by 16.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 59 | +11.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27858, you may be able to get a good deal. 39% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in 27858 in March 2024, up by 11.3% month-over-month. Of the 59 sold homes, 39% were sold under asking, 39% were sold at asking, and 22% were sold over asking.
Days on Market for 27858, NC
How long does it take to sell a home in 27858, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 67 Days | +77.1% |
Summary: Homes in 27858 had an average of 67 days on market in Mar 2024, up by 77.1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27858 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 59 homes were sold in 27858; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
