Is 27958, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27958 is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, 27958 has remained a Buyer's Market.

Key Takeaway

27958 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27958, NC

How much do homes in 27958, NC cost?

Median Sold Price

$460,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$54,000(+13.3%)

Key Takeaway

Homes in 27958 have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in 27958 was $460,000 in April 2024, up 13.3% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $220K$255K
+15.9%
3 $359.2K$399.9K
+11.3%
4 $469K$520K
+10.9%
5+ $532.7K$540K
+1.4%

Summary: 27958 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 1.4%.

Housing Supply in 27958, NC

How many homes are available in 27958, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
204219+7.4%

Summary: The 27958 real estate market had 219 homes for sale in April 2024, a 7.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 8381
-2.4%
4 8294
+14.6%
5+ 3943
+10.3%

Summary: The 27958 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 increased by 100%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 10.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2826-7.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27958, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 26 homes were sold or pending in 27958 in April 2024, down by 7.1% month-over-month. Of the 16 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for 27958, NC

How long does it take to sell a home in 27958, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
24 Days88 Days+256.4%

Summary: Homes in 27958 had an average of 88 days on market in Apr 2024, up by 256.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27958 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 26 homes were sold in 27958; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 31% 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 22 Days Ago

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MLS Disclaimers and Copyright

Based on information from North Carolina Regional MLS, and Real Estate Information Network for the period 05/01/2022 - 05/01/2024

IDX Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/23/2024, 12:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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The listing data relating to real estate for sale on this web site comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

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Some properties which appear for sale on this website have subsequently sold or may no longer be available. REIN updates its listings on a daily basis.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/23/2024, 12:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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