Is 27284, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27284 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 27284 has remained a Seller's Market.

Key Takeaway

27284 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27284, NC

How much do homes in 27284, NC cost?

Median Sold Price

$334,846

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,847(+1.5%)

Key Takeaway

Homes in 27284 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 27284 was $334,846 in November 2024, up 1.5% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $117.7K$125.2K
+6.4%
2 $210.2K$205.5K
-2.3%
3 $300.1K$315K
+5.0%
4 $409.9K$404K
-1.5%
5+ $450K$444.5K
-1.2%

Summary: 27284 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

27101
+5.2%
27284
+1.5%
27235
+0.6%
27310
-0.3%
27051
-8.5%

Housing Supply in 27284, NC

How many homes are available in 27284, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
292267-8.6%

Summary: The 27284 real estate market had 267 homes for sale in November 2024, a 8.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 3229
-9.4%
3 155143
-7.7%
4 8578
-8.2%
5+ 1816
-11.1%

Summary: The 27284 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6055-8.3%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27284, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in 27284 in November 2024, down by 8.3% month-over-month. Of the 55 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.

Days on Market for 27284, NC

How long does it take to sell a home in 27284, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days52 Days+44.0%

Summary: Homes in 27284 had an average of 52 days on market in Nov 2024, up by 44% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27284 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 55 homes were sold in 27284; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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