Is 27106, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27106 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 27106 has remained a Seller's Market.

Key Takeaway

27106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27106, NC

How much do homes in 27106, NC cost?

Median Sold Price

$347,650

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,650(+2.6%)

Key Takeaway

Homes in 27106 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 27106 was $347,650 in October 2024, up 2.6% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $61.4K$118.4K
+92.9%
2 $150K$175.7K
+17.2%
3 $304.9K$302.6K
-0.7%
4 $504.5K$550.1K
+9.0%
5+ $839K$735K
-12.4%

Summary: 27106 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.9%, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 12.4%.

Median Sold Price Compared To Nearby Zip Codes

27104
+8.0%
27040
+7.8%
27105
+5.5%
27106
+2.6%

Housing Supply in 27106, NC

How many homes are available in 27106, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
187195+4.3%

Summary: The 27106 real estate market had 195 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2023
+15.0%
3 8187
+7.4%
4 6765
-3.0%
5+ 1819
+5.6%

Summary: The 27106 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 15%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4345+4.7%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27106, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 27106 in October 2024, up by 4.7% month-over-month. Of the 45 sold homes, 47% were sold under asking, 31% were sold at asking, and 22% were sold over asking.

Days on Market for 27106, NC

How long does it take to sell a home in 27106, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days35 Days+55.5%

Summary: Homes in 27106 had an average of 35 days on market in Oct 2024, up by 55.5% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27106 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 45 homes were sold in 27106; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 13% 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 27106, NC

Nearby Markets to 27106, NC