Is 27909, 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, 27909 was a Seller's Market.
Housing Prices in 27909, NC
How much do homes in 27909, NC cost?
Median Sold Price
$294,975
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 27909 was $294,975 in April 2024, up 11.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $131.5K | -15.2% |
2 Bedrooms | $154.5K | $162.5K | +5.2% |
3 Bedrooms | $242.4K | $281K | +15.9% |
4 Bedrooms | $355K | $357K | +0.6% |
5+ Bedrooms | $362.5K | $390.2K | +7.7% |
Summary: 27909 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in 27909, NC
How many homes are available in 27909, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
370 | 388 | +4.9% |
Summary: The 27909 real estate market had 388 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 23 | +43.8% |
3 Bedrooms | 229 | 250 | +9.2% |
4 Bedrooms | 103 | 96 | -6.8% |
5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The 27909 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 increased by 43.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 64 | -1.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in 27909 in April 2024, down by 1.5% month-over-month. Of the 52 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% were sold over asking.
Days on Market for 27909, NC
How long does it take to sell a home in 27909, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 46 Days | +25.4% |
Summary: Homes in 27909 had an average of 46 days on market in Apr 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 64 homes were sold in 27909; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.