$7,410 Closing Credit*
$624,000
1,595 SqFt
3 Beds
•2 Full Baths
Wendy Tanson, Listing Office: Nest Realty of the Triangle
Is 27278, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 27278 has remained a Seller's Market.
Key Takeaway
27278 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27278, NC
How much do homes in 27278, NC cost?
Median Sold Price
$501,666
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$59,416(+13.4%)
Key Takeaway
Homes in 27278 have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in 27278 was $501,666 in November 2024, up 13.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | - | N/A |
| 2 Bedrooms | $337.5K | $337.5K | 0.0% |
| 3 Bedrooms | $405.5K | $436.5K | +7.6% |
| 4 Bedrooms | $586.3K | $640K | +9.1% |
| 5+ Bedrooms | $695.6K | $720K | +3.5% |
Summary: 27278 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 did not change, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in 27278, NC
How many homes are available in 27278, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 73 | -9.9% |
Summary: The 27278 real estate market had 73 homes for sale in November 2024, a 9.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 41 | 39 | -4.9% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 9 | 5 | -44.4% |
Summary: The 27278 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 40%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27278, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 27278 in November 2024, down by 23.8% month-over-month. Of the 16 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% were sold over asking.
Days on Market for 27278, NC
How long does it take to sell a home in 27278, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 90 Days | 41 Days | -53.9% |
Summary: Homes in 27278 had an average of 41 days on market in Nov 2024, down by 53.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27278 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 27278; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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