$4,091 Closing Credit*
$344,500
1,649 SqFt
3 Beds
•2 Full Baths
Elizabeth Kresge, Listing Office: Redfin Corporation
Is 27214, 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, 27214 has remained a Seller's Market.
Key Takeaway
27214 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27214, NC
How much do homes in 27214, NC cost?
Median Sold Price
$325,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,000(-8.5%)
Key Takeaway
Homes in 27214 have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in 27214 was $325,000 in October 2024, down 8.5% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | - | N/A |
| 2 Bedrooms | $191K | $197.5K | +3.4% |
| 3 Bedrooms | $325.4K | $294.5K | -9.5% |
| 4 Bedrooms | $502K | $430K | -14.3% |
| 5+ Bedrooms | $346.8K | $466.8K | +34.6% |
Summary: 27214 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 34.6%.
Housing Supply in 27214, NC
How many homes are available in 27214, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 49 | +11.4% |
Summary: The 27214 real estate market had 49 homes for sale in October 2024, a 11.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 27214 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27214, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 27214 in October 2024, up by 160.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.
Days on Market for 27214, NC
How long does it take to sell a home in 27214, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 27 Days | -35.3% |
Summary: Homes in 27214 had an average of 27 days on market in Oct 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27214 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 27214; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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