$2,078 Closing Credit*
$175,000
1,064 SqFt
2 Beds
•1 Full Bath
Mark Vuncannon, Listing Office: Allen Tate-Asheboro
Is 27205, 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, 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
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,900(+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 $279,900 in November 2024, up 1.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.3K | $92.5K | -6.8% |
| 2 Bedrooms | $200K | $202.5K | +1.3% |
| 3 Bedrooms | $279.9K | $280.9K | 0.4% |
| 4 Bedrooms | $384.2K | $429.5K | +11.8% |
| 5+ Bedrooms | $399K | $662.4K | +66.0% |
Summary: 27205 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 11.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 | 92 | -6.1% |
Summary: The 27205 real estate market had 92 homes for sale in November 2024, a 6.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 8 | -38.5% |
| 3 Bedrooms | 68 | 66 | -2.9% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 27205 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 decreased by 38.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27205, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 27205 in November 2024, down by 29.0% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 28 Days | +14.5% |
Summary: Homes in 27205 had an average of 28 days on market in Nov 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 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 November 2024, 22 homes were sold in 27205; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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