$3,325 Closing Credit*
$280,000
1,632 SqFt
2 Beds
•2 Full Baths
Regina Sechrest, Listing Office: Allen Tate High Point
Is 27295, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 27295 has remained a Seller's Market.
Key Takeaway
27295 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27295, NC
How much do homes in 27295, NC cost?
Median Sold Price
$299,867
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$12,875(+4.5%)
Key Takeaway
Homes in 27295 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 27295 was $299,867 in December 2024, up 4.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $72.2K | +3.1% |
| 2 Bedrooms | $185K | $186K | 0.5% |
| 3 Bedrooms | $275K | $279.2K | +1.5% |
| 4 Bedrooms | $307.9K | $329K | +6.8% |
| 5+ Bedrooms | $341.4K | $382.5K | +12.0% |
Summary: 27295 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 12%.
Housing Supply in 27295, NC
How many homes are available in 27295, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 211 | 179 | -15.2% |
Summary: The 27295 real estate market had 179 homes for sale in December 2024, a 15.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 107 | 98 | -8.4% |
| 4 Bedrooms | 81 | 66 | -18.5% |
| 5+ Bedrooms | 5 | 1 | -80.0% |
Summary: The 27295 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 80%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 54 | 42 | -22.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27295, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 27295 in December 2024, down by 22.2% month-over-month. Of the 42 sold homes, 48% were sold under asking, 36% were sold at asking, and 17% were sold over asking.
Days on Market for 27295, NC
How long does it take to sell a home in 27295, NC?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 64 Days | 37 Days | -41.4% |
Summary: Homes in 27295 had an average of 37 days on market in Dec 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27295 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 42 homes were sold in 27295; 55% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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