Is 27893, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 27893 was a Seller's Market.
Key Takeaway
27893 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27893, NC
How much do homes in 27893, NC cost?
Median Sold Price
$200,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27893 have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in 27893 was $200,000 in March 2024, up 17.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | $36.9K | +47.6% |
| 2 Bedrooms | $95K | $118.5K | +24.7% |
| 3 Bedrooms | $184.3K | $202.5K | +9.9% |
| 4 Bedrooms | $230K | $296.9K | +29.1% |
| 5+ Bedrooms | $225K | $232.4K | +3.3% |
Summary: 27893 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.6%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Zip Codes
| 27893 | $170K | $200K | +17.6% |
| 27896 | $260K | $299.9K | +15.3% |
Housing Supply in 27893, NC
How many homes are available in 27893, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 122 | 144 | +18.0% |
Summary: The 27893 real estate market had 144 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 67 | 85 | +26.9% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 27893 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27893, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 27893 in March 2024, up by 21.1% month-over-month. Of the 23 sold homes, 52% were sold under asking, 35% were sold at asking, and 13% were sold over asking.
Days on Market for 27893, NC
How long does it take to sell a home in 27893, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 43 Days | +25.5% |
Summary: Homes in 27893 had an average of 43 days on market in Mar 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27893 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in 27893; 48% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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