Is 27024, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27024 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 27024 has remained a Seller's Market.

Key Takeaway

27024 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27024, NC

How much do homes in 27024, NC cost?

Median Sold Price

$161,000

$142/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$8,500(+5.6%)

Key Takeaway

Homes in 27024 have sold for 5.6% more than they did a month ago.

Summary: The median home sold price in 27024 was $161,000 in October 2024, up 5.6% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $113.5K$90K
-20.7%
2 $118K-
N/A
3 $220K$232K
+5.5%
4 --
N/A
5+ --
N/A

Summary: 27024 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 20.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 27024, NC

How many homes are available in 27024, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108-20.0%

Summary: The 27024 real estate market had 8 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 31
-66.7%
2 10
-100.0%
3 44
0.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The 27024 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27024, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 27024 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 27024, NC

How long does it take to sell a home in 27024, NC?

Average Sale Time

Sep 2024Oct 2024CHANGE
120 Days62 Days-48.5%

Summary: Homes in 27024 had an average of 62 days on market in Oct 2024, down by 48.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27024 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 27024; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

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