Is 27871, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27871 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 27871 has remained a Seller's Market.

Key Takeaway

27871 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27871, NC

How much do homes in 27871, NC cost?

Median Sold Price

$65,000

$41/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$44,575(-40.7%)

Key Takeaway

Homes in 27871 have sold for 40.7% less than they did a month ago.

Summary: The median home sold price in 27871 was $65,000 in April 2024, down 40.7% from last month, and the median price per square foot was $41.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $167K-
N/A
3 $52.1K$119K
+128.2%
4 -$45K
N/A
5+ --
N/A

Summary: 27871 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 128.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 27871, NC

How many homes are available in 27871, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1013+30.0%

Summary: The 27871 real estate market had 13 homes for sale in April 2024, a 30.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 68
+33.3%
4 13
+200.0%
5+ 22
0.0%

Summary: The 27871 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27871, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 27871 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 27871, NC

How long does it take to sell a home in 27871, NC?

Average Sale Time

Mar 2024Apr 2024CHANGE
6 Days79 Days+1125.6%

Summary: Homes in 27871 had an average of 79 days on market in Apr 2024, up by 1125.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 27871 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 3 homes were sold in 27871; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

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