$10,000 Closing Credit*
$985,000
1,960 SqFt
2 Beds
•2 Full Baths, 1 Partial
Patricia Roberts, Alia Graham, Listing Office: Keller Williams Central
Is 27278, 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, 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
$513,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$79,000(+18.2%)
Key Takeaway
Homes in 27278 have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in 27278 was $513,500 in October 2024, up 18.2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | - | N/A |
| 2 Bedrooms | $334K | $342.5K | +2.5% |
| 3 Bedrooms | $400K | $444.5K | +11.1% |
| 4 Bedrooms | $585K | $630K | +7.7% |
| 5+ Bedrooms | $695K | $745K | +7.2% |
Summary: 27278 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 2.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 27278, NC
How many homes are available in 27278, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 86 | +7.5% |
Summary: The 27278 real estate market had 86 homes for sale in October 2024, a 7.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 27278 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27278, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 27278 in October 2024, up by 31.3% month-over-month. Of the 21 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 55 Days | +7.1% |
Summary: Homes in 27278 had an average of 55 days on market in Oct 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 21 homes were sold in 27278; 57% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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