Is 27292, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27292 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 27292 has remained a Seller's Market.

Key Takeaway

27292 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27292, NC

How much do homes in 27292, NC cost?

Median Sold Price

$276,137

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$6,157(+2.3%)

Key Takeaway

Homes in 27292 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 27292 was $276,137 in December 2024, up 2.3% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $193.7K$325K
+67.7%
2 $166K$220K
+32.5%
3 $250.6K$260K
+3.7%
4 $312.7K$307.9K
-1.5%
5+ $360K$379.2K
+5.3%

Summary: 27292 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.7%, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

27360
+7.7%
27295
+4.5%
27292
+2.3%

Housing Supply in 27292, NC

How many homes are available in 27292, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
238229-3.8%

Summary: The 27292 real estate market had 229 homes for sale in December 2024, a 3.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 12
+100.0%
2 4837
-22.9%
3 115124
+7.8%
4 6760
-10.4%
5+ 76
-14.3%

Summary: The 27292 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4660+30.4%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27292, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.

Summary: A total of 60 homes were sold or pending in 27292 in December 2024, up by 30.4% month-over-month. Of the 60 sold homes, 40% were sold under asking, 47% were sold at asking, and 13% were sold over asking.

Days on Market for 27292, NC

How long does it take to sell a home in 27292, NC?

Average Sale Time

Dec 2023Dec 2024CHANGE
58 Days60 Days+2.3%

Summary: Homes in 27292 had an average of 60 days on market in Dec 2024, up by 2.3% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27292 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 60 homes were sold in 27292; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 27% 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 2 Days Ago

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