Is 27105, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 27105 has remained a Seller's Market.
Key Takeaway
27105 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27105, NC
How much do homes in 27105, NC cost?
Median Sold Price
$199,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 27105 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 27105 was $199,000 in May 2024, up 7.6% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42.5K | $114.5K | +169.4% |
| 2 Bedrooms | $110K | $138K | +25.5% |
| 3 Bedrooms | $185K | $215K | +16.2% |
| 4 Bedrooms | $255.9K | $251.5K | -1.7% |
| 5+ Bedrooms | $307K | $131.5K | -57.2% |
Summary: 27105 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 169.4%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 57.2%.
Housing Supply in 27105, NC
How many homes are available in 27105, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 132 | 124 | -6.1% |
Summary: The 27105 real estate market had 124 homes for sale in May 2024, a 6.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 87 | 80 | -8.0% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 27105 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 33 | -15.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27105, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 27105 in May 2024, down by 15.4% month-over-month. Of the 33 sold homes, 52% were sold under asking, 30% were sold at asking, and 18% were sold over asking.
Days on Market for 27105, NC
How long does it take to sell a home in 27105, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 33 Days | +5.1% |
Summary: Homes in 27105 had an average of 33 days on market in May 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27105 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in 27105; 64% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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