Is 27944, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27944 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 27944 has remained a Buyer's Market.

Key Takeaway

27944 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27944, NC

How much do homes in 27944, NC cost?

Median Sold Price

$374,500

$182/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$38,500(+11.5%)

Key Takeaway

Homes in 27944 have sold for 11.5% more than they did a month ago.

Summary: The median home sold price in 27944 was $374,500 in March 2024, up 11.5% from last month, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $130K$120K
-7.7%
3 $354.9K$385K
+8.5%
4 $263K$215K
-18.3%
5+ $651.9K-
N/A

Summary: 27944 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27932
+47.5%
27944
+11.5%

Housing Supply in 27944, NC

How many homes are available in 27944, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
87100+14.9%

Summary: The 27944 real estate market had 100 homes for sale in March 2024, a 14.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 33
0.0%
2 46
+50.0%
3 5461
+13.0%
4 2226
+18.2%
5+ 44
0.0%

Summary: The 27944 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 increased by 50%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27944, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 27944 in March 2024, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for 27944, NC

How long does it take to sell a home in 27944, NC?

Average Sale Time

Feb 2024Mar 2024CHANGE
107 Days84 Days-21.3%

Summary: Homes in 27944 had an average of 84 days on market in Mar 2024, down by 21.3% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27944 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 9 homes were sold in 27944; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 27944, NC

Nearby Markets to 27944, NC