$5,819 Closing Credit*
$489,999
1,406 SqFt
2 Beds
•1 Full Bath
Rass Bagley, III, Listing Office: RE/MAX Central Realty
Is 27205, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$279,933
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$4,933(+1.8%)
Key Takeaway
Homes in 27205 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 27205 was $279,933 in December 2024, up 1.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.3K | $92.5K | -6.8% |
| 2 Bedrooms | $200K | $205K | +2.5% |
| 3 Bedrooms | $279.9K | $285K | +1.8% |
| 4 Bedrooms | $391.5K | $429K | +9.6% |
| 5+ Bedrooms | $400K | $649.9K | +62.5% |
Summary: 27205 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 62.5%.
Housing Supply in 27205, NC
How many homes are available in 27205, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 89 | 73 | -18.0% |
Summary: The 27205 real estate market had 73 homes for sale in December 2024, a 18.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 64 | 53 | -17.2% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 27205 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27205, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 27205 in December 2024, down by 9.1% month-over-month. Of the 20 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 43 Days | 30 Days | -29.0% |
Summary: Homes in 27205 had an average of 30 days on market in Dec 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
13 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 27205 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 20 homes were sold in 27205; 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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