Is 27948, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 27948 was a Neutral Market.
Key Takeaway
27948 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 27948, NC
How much do homes in 27948, NC cost?
Median Sold Price
$345,000
$291/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 27948 have sold for 40.5% less than they did a month ago.
Summary: The median home sold price in 27948 was $345,000 in March 2024, down 40.5% from last month, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $290K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $385K | $400K | +3.9% |
| 4 Bedrooms | $582.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 27948 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 did not change, 3 bedroom homes increased by 3.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 27948, NC
How many homes are available in 27948, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The 27948 real estate market had 26 homes for sale in March 2024, a 4.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 27948 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 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27948, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 27948 in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 27948, NC
How long does it take to sell a home in 27948, NC?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 138 Days | 54 Days | -60.7% |
Summary: Homes in 27948 had an average of 54 days on market in Mar 2024, down by 60.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27948 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 27948; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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