Is 27883, 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, 27883 has remained a Seller's Market.
Key Takeaway
27883 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27883, NC
How much do homes in 27883, NC cost?
Median Sold Price
$254,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27883 have sold for 33.4% more than they did a year ago.
Summary: The median home sold price in 27883 was $254,000 in April 2024, up 33.4% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $81K | $92.5K | +14.2% |
| 3 Bedrooms | $170K | $245K | +44.1% |
| 4 Bedrooms | $268K | $269.9K | +0.7% |
| 5+ Bedrooms | $344.4K | $291K | -15.5% |
Summary: 27883 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 increased by 14.2%, 3 bedroom homes increased by 44.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Zip Codes
| 27883 | $190.4K | $254K | +33.4% |
| 27893 | $171K | $200K | +17.0% |
| 27830 | $244.4K | $238.5K | -2.4% |
Housing Supply in 27883, NC
How many homes are available in 27883, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The 27883 real estate market had 19 homes for sale in April 2024, a 35.7% 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 | 4 | 0.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27883 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 remained the same, 3 bedroom homes increased by 62.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27883, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 27883 in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 27883, NC
How long does it take to sell a home in 27883, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 115 Days | 81 Days | -29.1% |
Summary: Homes in 27883 had an average of 81 days on market in Apr 2024, down by 29.1% 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
Key Takeaway
Avg time on Rocket Homes in 27883 has remained consistent over time.
Summary: During April 2024, 6 homes were sold in 27883; 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.
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