Is 27023, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27023 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 27023 was a Seller's Market.

Key Takeaway

27023 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 27023, NC

How much do homes in 27023, NC cost?

Median Sold Price

$464,900

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$53,150(+12.9%)

Key Takeaway

Homes in 27023 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 27023 was $464,900 in December 2024, up 12.9% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$117.5K
N/A
2 $189K$225K
+19.0%
3 $330K$354K
+7.3%
4 $585K$544.9K
-6.9%
5+ $925K$804K
-13.1%

Summary: 27023 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 13.1%.

Median Sold Price Compared To Nearby Zip Codes

27023
+12.9%
27040
+4.8%
27104
+4.8%
27012
+1.9%
27106
+1.7%

Housing Supply in 27023, NC

How many homes are available in 27023, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6755-17.9%

Summary: The 27023 real estate market had 55 homes for sale in December 2024, a 17.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1920
+5.3%
4 3324
-27.3%
5+ 129
-25.0%

Summary: The 27023 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
159-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27023, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 27023 in December 2024, down by 40.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.

Days on Market for 27023, NC

How long does it take to sell a home in 27023, NC?

Average Sale Time

Dec 2023Dec 2024CHANGE
37 Days4 Days-88.2%

Summary: Homes in 27023 had an average of 4 days on market in Dec 2024, down by 88.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were 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 27023 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 9 homes were sold in 27023; 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 3 Days Ago

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