$2,968 Closing Credit*
$249,900
1,100 SqFt
3 Beds
•1 Full Bath
Maggie Harrell, Listing Office: Gateway Properties and Development
Is 27248, 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, 27248 has remained a Seller's Market.
Key Takeaway
27248 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27248, NC
How much do homes in 27248, NC cost?
Median Sold Price
$240,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,250(+25.8%)
Key Takeaway
Homes in 27248 have sold for 25.8% more than they did a year ago.
Summary: The median home sold price in 27248 was $240,000 in October 2024, up 25.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128K | - | N/A |
| 2 Bedrooms | $166.2K | $175K | +5.3% |
| 3 Bedrooms | $267.5K | $305.6K | +14.3% |
| 4 Bedrooms | $188K | $213.5K | +13.6% |
| 5+ Bedrooms | $185K | - | N/A |
Summary: 27248 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 5.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes did not change.
Housing Supply in 27248, NC
How many homes are available in 27248, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The 27248 real estate market had 9 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 27248 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 increased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27248, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 27248 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 27248, NC
How long does it take to sell a home in 27248, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 1 Days | -95.4% |
Summary: Homes in 27248 had an average of 1 days on market in Oct 2024, down by 95.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27248 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 27248; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
