Is 27949, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27949 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 27949 was a Neutral Market.

Key Takeaway

27949 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27949, NC

How much do homes in 27949, NC cost?

Median Sold Price

$799,000

$599/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$320,000(+66.8%)

Key Takeaway

Homes in 27949 have sold for 66.8% more than they did a month ago.

Summary: The median home sold price in 27949 was $799,000 in April 2024, up 66.8% from last month, and the median price per square foot was $599.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $479K$799K
+66.8%
5+ --
N/A

Summary: 27949 housing prices by bedroom type for April 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 did not change, 4 bedroom homes increased by 66.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27948
+77.5%
27949
+66.8%
27927
+8.6%

Housing Supply in 27949, NC

How many homes are available in 27949, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
78+14.3%

Summary: The 27949 real estate market had 8 homes for sale in April 2024, a 14.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 23
+50.0%
4 33
0.0%
5+ 11
0.0%

Summary: The 27949 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27949, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 27949 in April 2024, up by 200.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 27949, NC

How long does it take to sell a home in 27949, NC?

Average Sale Time

Mar 2024Apr 2024CHANGE
557 Days29 Days-94.8%

Summary: Homes in 27949 had an average of 29 days on market in Apr 2024, down by 94.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27949 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in 27949; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in 27949, NC

Nearby Markets to 27949, NC