Is 27249, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27249 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 27249 was a Neutral Market.

Key Takeaway

27249 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27249, NC

How much do homes in 27249, NC cost?

Median Sold Price

$332,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+15.7%)

Key Takeaway

Homes in 27249 have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in 27249 was $332,000 in November 2024, up 15.7% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $96K$83.7K
-12.8%
2 $320K$290K
-9.4%
3 $275K$298.5K
+8.5%
4 $400K$350.5K
-12.4%
5+ $900K$364K
-59.6%

Summary: 27249 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 59.6%.

Median Sold Price Compared To Nearby Zip Codes

27249
+15.7%
27377
+4.1%
27244
+3.1%
27301
-1.5%
27214
-11.3%

Housing Supply in 27249, NC

How many homes are available in 27249, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8272-12.2%

Summary: The 27249 real estate market had 72 homes for sale in November 2024, a 12.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2015
-25.0%
3 3630
-16.7%
4 2320
-13.0%
5+ 37
+133.3%

Summary: The 27249 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 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 133.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2515-40.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27249, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in 27249 in November 2024, down by 40.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% were sold over asking.

Days on Market for 27249, NC

How long does it take to sell a home in 27249, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days22 Days-54.3%

Summary: Homes in 27249 had an average of 22 days on market in Nov 2024, down by 54.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27249 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in 27249; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in 27249, NC

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