$2,357 Closing Credit*
$198,500
1,234 SqFt
3 Beds
•2 Full Baths, 1 Partial
Susie Mickey, Listing Office: Keller Williams Realty
Is 27107, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 27107 has remained a Seller's Market.
Key Takeaway
27107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27107, NC
How much do homes in 27107, NC cost?
Median Sold Price
$256,150
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,150(+2.5%)
Key Takeaway
Homes in 27107 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 27107 was $256,150 in November 2024, up 2.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $118.5K | $149K | +25.7% |
| 3 Bedrooms | $250.3K | $252.5K | +0.9% |
| 4 Bedrooms | $315K | $386.4K | +22.7% |
| 5+ Bedrooms | $400K | $349.9K | -12.5% |
Summary: 27107 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 25.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 12.5%.
Housing Supply in 27107, NC
How many homes are available in 27107, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 160 | 174 | +8.8% |
Summary: The 27107 real estate market had 174 homes for sale in November 2024, a 8.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 29 | +20.8% |
| 3 Bedrooms | 93 | 95 | +2.2% |
| 4 Bedrooms | 38 | 45 | +18.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 27107 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 20.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 44 | +76.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27107, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 27107 in November 2024, up by 76.0% month-over-month. Of the 44 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 27107, NC
How long does it take to sell a home in 27107, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 38 Days | +20.7% |
Summary: Homes in 27107 had an average of 38 days on market in Nov 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27107 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 44 homes were sold in 27107; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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