Is 27217, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27217 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 27217 was a Seller's Market.

Key Takeaway

27217 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27217, NC

How much do homes in 27217, NC cost?

Median Sold Price

$244,950

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,883(+6.9%)

Key Takeaway

Homes in 27217 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 27217 was $244,950 in November 2024, up 6.9% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$92.5K
N/A
2 $153K$170K
+11.1%
3 $240K$251K
+4.6%
4 $280K$290K
+3.6%
5+ $281K$300K
+6.8%

Summary: 27217 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 11.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

27217
+6.9%
27258
+5.3%
27215
+4.9%
27244
+3.1%
27302
-2.4%

Housing Supply in 27217, NC

How many homes are available in 27217, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
167162-3.0%

Summary: The 27217 real estate market had 162 homes for sale in November 2024, a 3.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 2627
+3.8%
3 103101
-1.9%
4 2926
-10.3%
5+ 76
-14.3%

Summary: The 27217 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 increased by 3.8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2522-12.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27217, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 27217 in November 2024, down by 12.0% month-over-month. Of the 22 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for 27217, NC

How long does it take to sell a home in 27217, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days33 Days-25.5%

Summary: Homes in 27217 had an average of 33 days on market in Nov 2024, down by 25.5% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27217 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in 27217; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 27217, NC

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