$24,900
1.67 Acres
Land
Ashley Doerr, Listing Office: Price Realtors-Randleman
Is 27205, 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, 27205 has remained a Seller's Market.
Key Takeaway
27205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27205, NC
How much do homes in 27205, NC cost?
Median Sold Price
$279,900
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,900(+3.7%)
Key Takeaway
Homes in 27205 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 27205 was $279,900 in October 2024, up 3.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.3K | $92.5K | -6.8% |
| 2 Bedrooms | $205K | $205K | 0.0% |
| 3 Bedrooms | $275K | $282.6K | +2.8% |
| 4 Bedrooms | $400K | $399.5K | -0.1% |
| 5+ Bedrooms | $399K | $662.4K | +66.0% |
Summary: 27205 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 66%.
Housing Supply in 27205, NC
How many homes are available in 27205, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 93 | -8.8% |
Summary: The 27205 real estate market had 93 homes for sale in October 2024, a 8.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 65 | 64 | -1.5% |
| 4 Bedrooms | 17 | 10 | -41.2% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 27205 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 31 | -11.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27205, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 27205 in October 2024, down by 11.4% month-over-month. Of the 31 sold homes, 55% were sold under asking, 19% were sold at asking, and 26% were sold over asking.
Days on Market for 27205, NC
How long does it take to sell a home in 27205, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 31 Days | -6.3% |
Summary: Homes in 27205 had an average of 31 days on market in Oct 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27205 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in 27205; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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