Is 27863, 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, 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
$294,990
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 27863 has remained the same since last year.
Summary: The median home sold price in 27863 was $294,990 in April 2024, down 0.2% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | - | N/A |
| 2 Bedrooms | $262K | $159.9K | -39.0% |
| 3 Bedrooms | $277.5K | $284.7K | +2.6% |
| 4 Bedrooms | $349.9K | $321.5K | -8.1% |
| 5+ Bedrooms | - | $365K | N/A |
Summary: 27863 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%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 8.1%, 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 55 | +10.0% |
Summary: The 27863 real estate market had 55 homes for sale in April 2024, a 10.0% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 35 | 41 | +17.1% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27863 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 decreased by 25%, 3 bedroom homes increased by 17.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27863, expect to pay close to the asking price. 58.8% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in 27863 in April 2024, up by 30.8% month-over-month. Of the 17 sold homes, 24% were sold under asking, 59% were sold at asking, and 18% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 67 Days | +6.2% |
Summary: Homes in 27863 had an average of 67 days on market in Apr 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27863 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in 27863; 47% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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