Is 27882, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27882 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 27882 was a Buyer's Market.

Key Takeaway

27882 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 27882, NC

How much do homes in 27882, NC cost?

Median Sold Price

$289,450

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$2,450(+0.9%)

Key Takeaway

Homes in 27882 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 27882 was $289,450 in February 2024, up 0.9% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $200K-
N/A
2 $168.5K$98K
-41.8%
3 $285K$293.5K
+3.0%
4 $338.5K$292.7K
-13.5%
5+ -$324.9K
N/A

Summary: 27882 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.8%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27856
+1.5%
27882
+0.9%
27807
-1.2%

Housing Supply in 27882, NC

How many homes are available in 27882, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3338+15.2%

Summary: The 27882 real estate market had 38 homes for sale in February 2024, a 15.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 2630
+15.4%
4 34
+33.3%
5+ 00
0.0%

Summary: The 27882 housing inventory by bedroom type for February 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 15.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27882, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in 27882 in February 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for 27882, NC

How long does it take to sell a home in 27882, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
79 Days133 Days+69.2%

Summary: Homes in 27882 had an average of 133 days on market in Feb 2024, up by 69.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 27882 has remained consistent over time.

Summary: During February 2024, 6 homes were sold in 27882; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% 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 28 Days Ago

Newest Listings in 27882, NC

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