$1,769 Closing Credit*
$149,000
864 SqFt
2 Beds
•2 Full Baths
Angela Brown Cranford, Listing Office: Price REALTORS - Archdale
Is 27263, 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, 27263 was a Seller's Market.
Key Takeaway
27263 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27263, NC
How much do homes in 27263, NC cost?
Median Sold Price
$246,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,500(+3.6%)
Key Takeaway
Homes in 27263 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 27263 was $246,500 in November 2024, up 3.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.9K | $81.7K | -57.0% |
| 2 Bedrooms | $135K | $167.5K | +24.1% |
| 3 Bedrooms | $240K | $260.5K | +8.5% |
| 4 Bedrooms | $447.7K | $380.4K | -15.0% |
| 5+ Bedrooms | $520K | $433.9K | -16.5% |
Summary: 27263 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in 27263, NC
How many homes are available in 27263, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 64 | +1.6% |
Summary: The 27263 real estate market had 64 homes for sale in November 2024, a 1.6% 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 | 16 | 14 | -12.5% |
| 3 Bedrooms | 34 | 41 | +20.6% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 27263 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 12.5%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27263, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 27263 in November 2024, down by 37.5% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for 27263, NC
How long does it take to sell a home in 27263, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 64 Days | +143.2% |
Summary: Homes in 27263 had an average of 64 days on market in Nov 2024, up by 143.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27263 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 27263; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
