$25,000
0.47 Acres
Land
#100476953, Listing Office: LPT Realty
Is 27023, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $117.5K | N/A |
| 2 Bedrooms | $186.5K | $192K | +2.9% |
| 3 Bedrooms | $331K | $345K | +4.2% |
| 4 Bedrooms | $591.5K | $550K | -7.0% |
| 5+ Bedrooms | $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%.
Housing Supply in 27023, NC
How many homes are available in 27023, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 80 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 30 | 31 | +3.3% |
| 5+ Bedrooms | 13 | 13 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 76 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
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.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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