$10,000 Closing Credit*
$1,295,000
5,127 SqFt
4 Beds
•4 Full Baths
Donell Keith, 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 November 2023
At the same time last year, 27281 was a Seller's Market.
Key Takeaway
27281 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 27281, NC
How much do homes in 27281, NC cost?
Median Sold Price
$475,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$58,750(+14.1%)
Key Takeaway
Homes in 27281 have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in 27281 was $475,000 in November 2024, up 14.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $149.7K | +10.9% |
| 2 Bedrooms | $180K | $187.1K | +4.0% |
| 3 Bedrooms | $402.5K | $435.7K | +8.3% |
| 4 Bedrooms | $528.7K | $517.9K | -2.1% |
| 5+ Bedrooms | - | $811.2K | N/A |
Summary: 27281 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 27281 | $416.2K | $475K | +14.1% |
| 27376 | $441K | $469.9K | +6.6% |
Housing Supply in 27281, NC
How many homes are available in 27281, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 37 | -24.5% |
Summary: The 27281 real estate market had 37 homes for sale in November 2024, a 24.5% decrease 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 25 | 19 | -24.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 27281 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 20%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 6 | -57.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27281, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 27281 in November 2024, down by 57.1% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 75 Days | +2.4% |
Summary: Homes in 27281 had an average of 75 days on market in Nov 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27281 has remained consistent over time.
Summary: During November 2024, 6 homes were sold in 27281; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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