Is 27892, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 27892 was a Buyer's Market.
Key Takeaway
27892 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27892, NC
How much do homes in 27892, NC cost?
Median Sold Price
$155,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 27892 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 27892 was $155,000 in April 2024, up 11.1% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | - | N/A |
| 2 Bedrooms | $74.2K | $121.9K | +64.2% |
| 3 Bedrooms | $139.5K | $175K | +25.4% |
| 4 Bedrooms | $177.5K | $199K | +12.1% |
| 5+ Bedrooms | $285K | $85K | -70.2% |
Summary: 27892 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 64.2%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 70.2%.
Housing Supply in 27892, NC
How many homes are available in 27892, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 47 | -2.1% |
Summary: The 27892 real estate market had 47 homes for sale in April 2024, a 2.1% decrease 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 | 11 | 7 | -36.4% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 27892 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 decreased by 36.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27892, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 27892 in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 27892, NC
How long does it take to sell a home in 27892, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 37 Days | -32.4% |
Summary: Homes in 27892 had an average of 37 days on market in Apr 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27892 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in 27892; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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