Is 27103, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27103 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 27103 has remained a Seller's Market.

Key Takeaway

27103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27103, NC

How much do homes in 27103, NC cost?

Median Sold Price

$285,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,083(+3.7%)

Key Takeaway

Homes in 27103 have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in 27103 was $285,000 in October 2024, up 3.7% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $90K$202.5K
+125.0%
2 $192.5K$230K
+19.5%
3 $282.5K$289.2K
+2.4%
4 $367.5K$354K
-3.7%
5+ $404K$387.5K
-4.1%

Summary: 27103 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

27104
+8.0%
27012
+4.2%
27127
+4.0%
27103
+3.7%

Housing Supply in 27103, NC

How many homes are available in 27103, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
152166+9.2%

Summary: The 27103 real estate market had 166 homes for sale in October 2024, a 9.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3046
+53.3%
3 7680
+5.3%
4 4334
-20.9%
5+ 25
+150.0%

Summary: The 27103 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 increased by 53.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4235-16.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27103, you may be able to get a good deal. 37.1% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 27103 in October 2024, down by 16.7% month-over-month. Of the 35 sold homes, 37% were sold under asking, 31% were sold at asking, and 31% were sold over asking.

Days on Market for 27103, NC

How long does it take to sell a home in 27103, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days24 Days+30.4%

Summary: Homes in 27103 had an average of 24 days on market in Oct 2024, up by 30.4% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27103 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 35 homes were sold in 27103; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 27103, NC

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