Is 27028, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27028 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 27028 has remained a Seller's Market.

Key Takeaway

27028 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27028, NC

How much do homes in 27028, NC cost?

Median Sold Price

$290,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$28,587(+10.9%)

Key Takeaway

Homes in 27028 have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in 27028 was $290,000 in December 2024, up 10.9% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $142.5K$95K
-33.3%
2 $163.5K$176K
+7.6%
3 $260.4K$290.5K
+11.5%
4 $311.2K$325K
+4.4%
5+ $378.7K$440K
+16.2%

Summary: 27028 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 16.2%.

Median Sold Price Compared To Nearby Zip Codes

27006
+15.3%
27028
+10.9%
27013
-14.2%

Housing Supply in 27028, NC

How many homes are available in 27028, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
9195+4.4%

Summary: The 27028 real estate market had 95 homes for sale in December 2024, a 4.4% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1113
+18.2%
3 5458
+7.4%
4 1817
-5.6%
5+ 87
-12.5%

Summary: The 27028 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 increased by 18.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
921+133.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27028, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 27028 in December 2024, up by 133.3% month-over-month. Of the 21 sold homes, 76% were sold under asking, 14% were sold at asking, and 10% were sold over asking.

Days on Market for 27028, NC

How long does it take to sell a home in 27028, NC?

Average Sale Time

Dec 2023Dec 2024CHANGE
26 Days43 Days+68.4%

Summary: Homes in 27028 had an average of 43 days on market in Dec 2024, up by 68.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 27028 has remained consistent over time.

Summary: During December 2024, 21 homes were sold in 27028; 38% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 14% 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 6 Days Ago

Newest Listings in 27028, NC

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