Is 27858, 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, 27858 has remained a Seller's Market.
Key Takeaway
27858 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27858, NC
How much do homes in 27858, NC cost?
Median Sold Price
$280,653
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 27858 have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in 27858 was $280,653 in May 2024, down 3.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116.2K | $133.5K | +14.9% |
| 2 Bedrooms | $161.7K | $170.1K | +5.2% |
| 3 Bedrooms | $260.1K | $271.4K | +4.4% |
| 4 Bedrooms | $385K | $382.4K | -0.7% |
| 5+ Bedrooms | $500K | $360.2K | -28.0% |
Summary: 27858 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 28%.
Housing Supply in 27858, NC
How many homes are available in 27858, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 185 | 165 | -10.8% |
Summary: The 27858 real estate market had 165 homes for sale in May 2024, a 10.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 113 | 97 | -14.2% |
| 4 Bedrooms | 42 | 41 | -2.4% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 27858 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 decreased by 11.8%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 52 | -3.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27858, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in 27858 in May 2024, down by 3.7% month-over-month. Of the 52 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% were sold over asking.
Days on Market for 27858, NC
How long does it take to sell a home in 27858, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 38 Days | +24.3% |
Summary: Homes in 27858 had an average of 38 days on market in May 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27858 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 52 homes were sold in 27858; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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