Is 27886, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 27886 has remained a Buyer's Market.
Housing Prices in 27886, NC
How much do homes in 27886, NC cost?
Median Sold Price
$203,950
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 27886 was $203,950 in February 2024, up 4.7% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $63K | N/A |
2 Bedrooms | $79K | $101.7K | +28.7% |
3 Bedrooms | $190K | $176K | -7.4% |
4 Bedrooms | $247.4K | $260.4K | +5.3% |
5+ Bedrooms | $285.4K | $412.8K | +44.6% |
Summary: 27886 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 increased by 28.7%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 44.6%.
Housing Supply in 27886, NC
How many homes are available in 27886, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
59 | 59 | 0.0% |
Summary: The 27886 real estate market had 59 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 42 | 40 | -4.8% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 27886 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 decreased by 20%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 27886 in February 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.
Days on Market for 27886, NC
How long does it take to sell a home in 27886, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
67 Days | 52 Days | -22.6% |
Summary: Homes in 27886 had an average of 52 days on market in Feb 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in 27886; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.