Is 27863, 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, 27863 has remained a Seller's Market.
Key Takeaway
27863 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27863, NC
How much do homes in 27863, NC cost?
Median Sold Price
$295,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27863 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 27863 was $295,000 in March 2024, up 1.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | - | N/A |
| 2 Bedrooms | $38K | $169.9K | +347.1% |
| 3 Bedrooms | $275K | $287.9K | +4.7% |
| 4 Bedrooms | $349.9K | $314.9K | -10.0% |
| 5+ Bedrooms | - | $365K | N/A |
Summary: 27863 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 347.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes did not change.
Housing Supply in 27863, NC
How many homes are available in 27863, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 51 | +4.1% |
Summary: The 27863 real estate market had 51 homes for sale in March 2024, a 4.1% 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 | 1 | 4 | +300.0% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 15 | 10 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27863 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 increased by 300%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27863, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in 27863 in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 57% were sold at asking, and 7% were sold over asking.
Days on Market for 27863, NC
How long does it take to sell a home in 27863, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 138 Days | 71 Days | -48.1% |
Summary: Homes in 27863 had an average of 71 days on market in Mar 2024, down by 48.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27863 has remained consistent over time.
Summary: During March 2024, 14 homes were sold in 27863; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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