Is 27889, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 27889 has remained a Seller's Market.
Housing Prices in 27889, NC
How much do homes in 27889, NC cost?
Median Sold Price
$260,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27889 was $260,000 in March 2024, up 13.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $138K | $188.5K | +36.6% |
3 Bedrooms | $232K | $250K | +7.8% |
4 Bedrooms | $285K | $279K | -2.1% |
5+ Bedrooms | $269.5K | $336.2K | +24.8% |
Summary: 27889 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 24.8%.
Housing Supply in 27889, NC
How many homes are available in 27889, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
86 | 80 | -7.0% |
Summary: The 27889 real estate market had 80 homes for sale in March 2024, a 7.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 47 | 45 | -4.3% |
4 Bedrooms | 23 | 19 | -17.4% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 27889 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 27889 in March 2024, up by 23.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 50% were sold at asking, and 19% were sold over asking.
Days on Market for 27889, NC
How long does it take to sell a home in 27889, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 91 Days | +28.8% |
Summary: Homes in 27889 had an average of 91 days on market in Mar 2024, up by 28.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 27889; 63% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.