Is 27525, 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, 27525 has remained a Seller's Market.
Key Takeaway
27525 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27525, NC
How much do homes in 27525, NC cost?
Median Sold Price
$355,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 27525 have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in 27525 was $355,000 in May 2024, down 2.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $190K | $212.4K | +11.8% |
| 3 Bedrooms | $343K | $337.9K | -1.5% |
| 4 Bedrooms | $410K | $489K | +19.3% |
| 5+ Bedrooms | $415K | $487.5K | +17.5% |
Summary: 27525 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 17.5%.
Housing Supply in 27525, NC
How many homes are available in 27525, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 90 | +7.1% |
Summary: The 27525 real estate market had 90 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 47 | 54 | +14.9% |
| 4 Bedrooms | 27 | 28 | +3.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 27525 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27525, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in 27525 in May 2024, up by 23.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 43% were sold at asking, and 33% were sold over asking.
Days on Market for 27525, NC
How long does it take to sell a home in 27525, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 91 Days | 54 Days | -40.1% |
Summary: Homes in 27525 had an average of 54 days on market in May 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27525 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in 27525; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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