$7,303 Closing Credit*
$615,000
2,346 SqFt
3 Beds
•2 Full Baths, 1 Partial
Karen Lyon, Listing Office: Allen Tate - Burlington
Is 27243, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 27243 was a Seller's Market.
Key Takeaway
27243 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 27243, NC
How much do homes in 27243, NC cost?
Median Sold Price
$449,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$91,000(-16.9%)
Key Takeaway
Homes in 27243 have sold for 16.9% less than they did a year ago.
Summary: The median home sold price in 27243 was $449,000 in November 2024, down 16.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $586.8K | $322.5K | -45.0% |
| 3 Bedrooms | $385K | $401K | +4.2% |
| 4 Bedrooms | $660K | $722K | +9.4% |
| 5+ Bedrooms | $712.5K | $657K | -7.8% |
Summary: 27243 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 decreased by 45%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 7.8%.
Housing Supply in 27243, NC
How many homes are available in 27243, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The 27243 real estate market had 20 homes for sale in November 2024, a 33.3% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 12 | +100.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 27243 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 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27243, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 27243 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 27243, NC
How long does it take to sell a home in 27243, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +3.1% |
Summary: Homes in 27243 had an average of 33 days on market in Nov 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27243 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 27243; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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