$7,124 Closing Credit*
$599,900
2,695 SqFt
4 Beds
•3 Full Baths
Kimberly Mitchell, Listing Office: Leonard Ryden Burr Real Estate
Is 27127, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 27127 has remained a Seller's Market.
Key Takeaway
27127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27127, NC
How much do homes in 27127, NC cost?
Median Sold Price
$257,169
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,835(+4.0%)
Key Takeaway
Homes in 27127 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 27127 was $257,169 in October 2024, up 4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.9K | $70K | -31.3% |
| 2 Bedrooms | $173K | $180K | +4.0% |
| 3 Bedrooms | $256K | $265K | +3.5% |
| 4 Bedrooms | $308K | $322.3K | +4.7% |
| 5+ Bedrooms | $380K | $383.7K | +1.0% |
Summary: 27127 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 1%.
Housing Supply in 27127, NC
How many homes are available in 27127, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 185 | 181 | -2.2% |
Summary: The 27127 real estate market had 181 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 32 | 23 | -28.1% |
| 3 Bedrooms | 133 | 137 | +3.0% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 27127 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 28.1%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 40 | -24.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27127, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 27127 in October 2024, down by 24.5% month-over-month. Of the 39 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for 27127, NC
How long does it take to sell a home in 27127, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 26 Days | +152.6% |
Summary: Homes in 27127 had an average of 26 days on market in Oct 2024, up by 152.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27127 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in 27127; 73% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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