Is 27882, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 27882 was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | - | N/A |
2 Bedrooms | $168.5K | $98K | -41.8% |
3 Bedrooms | $285K | $293.5K | +3.0% |
4 Bedrooms | $338.5K | $292.7K | -13.5% |
5+ Bedrooms | - | $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.
Housing Supply in 27882, NC
How many homes are available in 27882, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
33 | 38 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 26 | 30 | +15.4% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 6 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
79 Days | 133 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
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.