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 October 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

$276,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+5.7%)

Key Takeaway

Homes in 27028 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 27028 was $276,000 in October 2024, up 5.7% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$130K
-3.7%
2 $165K$179.9K
+9.0%
3 $255K$275K
+7.8%
4 $311.4K$302K
-3.0%
5+ $378.7K$440K
+16.2%

Summary: 27028 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 16.2%.

Median Sold Price Compared To Nearby Zip Codes

27006
+16.0%
27028
+5.7%
27013
-9.5%

Housing Supply in 27028, NC

How many homes are available in 27028, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
110101-8.2%

Summary: The 27028 real estate market had 101 homes for sale in October 2024, a 8.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 119
-18.2%
3 6860
-11.8%
4 2323
0.0%
5+ 89
+12.5%

Summary: The 27028 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 decreased by 18.2%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2524-4.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 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. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 27028 in October 2024, down by 4.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 17% were sold at asking, and 29% 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

Oct 2023Oct 2024CHANGE
20 Days30 Days+48.0%

Summary: Homes in 27028 had an average of 30 days on market in Oct 2024, up by 48% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27028 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in 27028; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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 27028, NC

Nearby Markets to 27028, NC