$135,000
2.13 Acres
Land
#100474351, Listing Office: Keller Williams Pinehurst
Is 27281, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 27281 was a Buyer's Market.
Key Takeaway
27281 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27281, NC
How much do homes in 27281, NC cost?
Median Sold Price
$470,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$56,500(+13.7%)
Key Takeaway
Homes in 27281 have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in 27281 was $470,000 in October 2024, up 13.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $172K | $189K | +9.9% |
| 3 Bedrooms | $400K | $429K | +7.2% |
| 4 Bedrooms | $528.7K | $529.9K | 0.2% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: 27281 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 9.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 27281 | $413.5K | $470K | +13.7% |
| 27376 | $439.5K | $470K | +6.9% |
Housing Supply in 27281, NC
How many homes are available in 27281, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 49 | -2.0% |
Summary: The 27281 real estate market had 49 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 27281 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27281, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 27281 in October 2024, up by 160.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for 27281, NC
How long does it take to sell a home in 27281, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 92 Days | +991.4% |
Summary: Homes in 27281 had an average of 92 days on market in Oct 2024, up by 991.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27281 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 27281; 38% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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