Is 27295, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27295 is a seller's market

Buyer's
Market

Difference Since October 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

$292,825

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,832(+2.0%)

Key Takeaway

Homes in 27295 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 27295 was $292,825 in October 2024, up 2% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K$83.6K
+11.5%
2 $181K$195K
+7.7%
3 $275K$277.9K
+1.1%
4 $306.6K$325.8K
+6.3%
5+ $360.4K$375.7K
+4.2%

Summary: 27295 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Zip Codes

27006
+16.0%
27299
+7.8%
27292
+5.7%
27012
+4.2%
27295
+2.0%

Housing Supply in 27295, NC

How many homes are available in 27295, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2032030.0%

Summary: The 27295 real estate market had 203 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1717
0.0%
3 104113
+8.7%
4 7464
-13.5%
5+ 77
0.0%

Summary: The 27295 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5549-10.9%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27295, you may be able to get a good deal. 59.2% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 27295 in October 2024, down by 10.9% month-over-month. Of the 49 sold homes, 59% were sold under asking, 33% were sold at asking, and 8% 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

Oct 2023Oct 2024CHANGE
38 Days45 Days+19.8%

Summary: Homes in 27295 had an average of 45 days on market in Oct 2024, up by 19.8% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27295 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 49 homes were sold in 27295; 57% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% 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 4 Days Ago

Newest Listings in 27295, NC

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