$114,500
8.87 Acres
Land
Eddie Price, Listing Office: Price & Associates, Realty
Is 27048, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 27048 was a Seller's Market.
Key Takeaway
27048 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27048, NC
How much do homes in 27048, NC cost?
Median Sold Price
$289,450
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$57,395(+24.7%)
Key Takeaway
Homes in 27048 have sold for 24.7% more than they did a year ago.
Summary: The median home sold price in 27048 was $289,450 in November 2024, up 24.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $267.5K | N/A |
| 2 Bedrooms | $124.9K | $142K | +13.7% |
| 3 Bedrooms | $275.6K | $275K | -0.3% |
| 4 Bedrooms | $213K | $298.3K | +40.1% |
| 5+ Bedrooms | - | $322.9K | N/A |
Summary: 27048 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 40.1%, and 5+ bedroom homes did not change.
Housing Supply in 27048, NC
How many homes are available in 27048, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Summary: The 27048 real estate market had 30 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 27048 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27048, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 27048 in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 27048, NC
How long does it take to sell a home in 27048, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 20 Days | -34.8% |
Summary: Homes in 27048 had an average of 20 days on market in Nov 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27048 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 27048; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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