$1,364 Closing Credit*
$114,900
676 SqFt
1 Bed
•1 Full Bath
Jessica Zombek Ferris, Listing Office: Keller Williams Realty Elite
Is 27127, 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, 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
$257,628
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,690(+3.1%)
Key Takeaway
Homes in 27127 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 27127 was $257,628 in November 2024, up 3.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $70K | -31.7% |
| 2 Bedrooms | $174.5K | $182K | +4.3% |
| 3 Bedrooms | $257K | $265K | +3.1% |
| 4 Bedrooms | $308K | $320K | +3.9% |
| 5+ Bedrooms | $339.5K | $387.5K | +14.1% |
Summary: 27127 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 14.1%.
Housing Supply in 27127, NC
How many homes are available in 27127, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 180 | 176 | -2.2% |
Summary: The 27127 real estate market had 176 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 138 | 124 | -10.1% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 27127 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 19%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 37 | -14.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27127, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 27127 in November 2024, down by 14.0% month-over-month. Of the 37 sold homes, 57% were sold under asking, 5% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +5.3% |
Summary: Homes in 27127 had an average of 28 days on market in Nov 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27127 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 37 homes were sold in 27127; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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