$2,730 Closing Credit*
$229,900
1,219 SqFt
3 Beds
•1 Full Bath
Melanie Neighbors, Listing Office: Southern Heart Realty
Is 27203, 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, 27203 has remained a Seller's Market.
Key Takeaway
27203 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27203, NC
How much do homes in 27203, NC cost?
Median Sold Price
$225,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,271(+8.8%)
Key Takeaway
Homes in 27203 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 27203 was $225,000 in November 2024, up 8.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117K | - | N/A |
| 2 Bedrooms | $155K | $180.2K | +16.3% |
| 3 Bedrooms | $229.9K | $237K | +3.0% |
| 4 Bedrooms | $253.9K | $278.5K | +9.6% |
| 5+ Bedrooms | $297.9K | $316.9K | +6.4% |
Summary: 27203 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 16.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 27203, NC
How many homes are available in 27203, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 56 | +14.3% |
Summary: The 27203 real estate market had 56 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 22 | +57.1% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27203 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27203, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 27203 in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.
Days on Market for 27203, NC
How long does it take to sell a home in 27203, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 34 Days | +247.1% |
Summary: Homes in 27203 had an average of 34 days on market in Nov 2024, up by 247.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27203 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 27203; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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