Is 27107, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27107 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 27107 was a Seller's Market.

Key Takeaway

27107 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 27107, NC

How much do homes in 27107, NC cost?

Median Sold Price

$252,542

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,542(+1.0%)

Key Takeaway

Homes in 27107 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 27107 was $252,542 in October 2024, up 1% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$85K
N/A
2 $117K$148K
+26.5%
3 $250K$250.8K
0.3%
4 $315K$386.4K
+22.7%
5+ $400K$349.9K
-12.5%

Summary: 27107 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 12.5%.

Median Sold Price Compared To Nearby Zip Codes

27101
+5.1%
27127
+4.0%
27107
+1.0%
27265
-3.0%

Housing Supply in 27107, NC

How many homes are available in 27107, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
152163+7.2%

Summary: The 27107 real estate market had 163 homes for sale in October 2024, a 7.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2025
+25.0%
3 8695
+10.5%
4 3936
-7.7%
5+ 66
0.0%

Summary: The 27107 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 25%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2925-13.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27107, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 27107 in October 2024, down by 13.8% month-over-month. Of the 25 sold homes, 44% were sold under asking, 36% 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

Oct 2023Oct 2024CHANGE
26 Days32 Days+23.1%

Summary: Homes in 27107 had an average of 32 days on market in Oct 2024, up by 23.1% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27107 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 27107; 60% of homes were sold within 30 days, 32% 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 5 Days Ago

Newest Listings in 27107, NC

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