Is 27896, 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, 27896 has remained a Seller's Market.
Housing Prices in 27896, NC
How much do homes in 27896, NC cost?
Median Sold Price
$299,900
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 27896 was $299,900 in March 2024, up 15.3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $146.9K | $115K | -21.7% |
2 Bedrooms | $157.1K | $173.5K | +10.4% |
3 Bedrooms | $255K | $289.9K | +13.7% |
4 Bedrooms | $305K | $372.4K | +22.1% |
5+ Bedrooms | $385K | $361.5K | -6.1% |
Summary: 27896 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in 27896, NC
How many homes are available in 27896, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 84 | +1.2% |
Summary: The 27896 real estate market had 84 homes for sale in March 2024, a 1.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 51 | 57 | +11.8% |
4 Bedrooms | 18 | 13 | -27.8% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 27896 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 remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 18 | -14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 27896 in March 2024, down by 14.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for 27896, NC
How long does it take to sell a home in 27896, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 48 Days | +21.9% |
Summary: Homes in 27896 had an average of 48 days on market in Mar 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 27896; 61% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.