Is 27020, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27020 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 27020 was a Neutral Market.

Key Takeaway

27020 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27020, NC

How much do homes in 27020, NC cost?

Median Sold Price

$739,500

$284/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$224,500(+43.6%)

Key Takeaway

Homes in 27020 have sold for 43.6% more than they did a month ago.

Summary: The median home sold price in 27020 was $739,500 in October 2024, up 43.6% from last month, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $515K$739.5K
+43.6%
4 --
N/A
5+ --
N/A

Summary: 27020 housing prices by bedroom type for October 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 increased by 43.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 27020, NC

How many homes are available in 27020, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
79+28.6%

Summary: The 27020 real estate market had 9 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 57
+40.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 27020 housing inventory by bedroom type for October 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 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27020, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 27020 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 27020, NC

How long does it take to sell a home in 27020, NC?

Average Sale Time

Sep 2024Oct 2024CHANGE
120 Days4 Days-96.7%

Summary: Homes in 27020 had an average of 4 days on market in Oct 2024, down by 96.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27020 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 27020; 100% of homes were sold within 30 days, 0% 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 14 Days Ago

Newest Listings in 27020, NC

Nearby Markets to 27020, NC