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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27023 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 27023 has remained a Seller's Market.

Key Takeaway

27023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27023, NC

How much do homes in 27023, NC cost?

Median Sold Price

$455,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,100(+8.4%)

Key Takeaway

Homes in 27023 have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in 27023 was $455,000 in October 2024, up 8.4% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$117.5K
N/A
2 $186.5K$192K
+2.9%
3 $331K$345K
+4.2%
4 $591.5K$550K
-7.0%
5+ $870K$757.5K
-12.9%

Summary: 27023 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 12.9%.

Median Sold Price Compared To Nearby Zip Codes

27023
+8.4%
27104
+8.0%
27040
+7.8%
27012
+4.2%
27106
+2.6%

Housing Supply in 27023, NC

How many homes are available in 27023, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8380-3.6%

Summary: The 27023 real estate market had 80 homes for sale in October 2024, a 3.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 3632
-11.1%
4 3031
+3.3%
5+ 1313
0.0%

Summary: The 27023 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 decreased by 11.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1922+15.8%

Asking Price vs. Sold Price

10 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 27023, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 27023 in October 2024, up by 15.8% month-over-month. Of the 22 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% 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

Oct 2023Oct 2024CHANGE
27 Days76 Days+175.8%

Summary: Homes in 27023 had an average of 76 days on market in Oct 2024, up by 175.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 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 October 2024, 22 homes were sold in 27023; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% 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 4 Days Ago

Newest Listings in 27023, NC

Nearby Markets to 27023, NC