Is 27886, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27886 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 27886 has remained a Buyer's Market.

Key Takeaway

27886 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$9,205(+4.7%)

Key Takeaway

Homes in 27886 have sold for 4.7% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$63K
N/A
2 $79K$101.7K
+28.7%
3 $190K$176K
-7.4%
4 $247.4K$260.4K
+5.3%
5+ $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 2024Feb 2024CHANGE
59590.0%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 4240
-4.8%
4 911
+22.2%
5+ 34
+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 2024Feb 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27886, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.

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 2023Feb 2024CHANGE
67 Days52 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27886 are selling fast, if you're buying plan to act quickly.

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.

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 27886, NC

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