$2,250 Closing Credit*
$189,500
928 SqFt
2 Beds
•2 Full Baths
Eric Taylor, Listing Office: True North Properties llc
Is 27298, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 27298 has remained a Seller's Market.
Key Takeaway
27298 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27298, NC
How much do homes in 27298, NC cost?
Median Sold Price
$290,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.8%)
Key Takeaway
Homes in 27298 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 27298 was $290,000 in October 2024, up 1.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $197.4K | $200K | +1.3% |
| 3 Bedrooms | $285K | $294.5K | +3.3% |
| 4 Bedrooms | $295K | $299K | +1.4% |
| 5+ Bedrooms | $309K | $699K | +126.2% |
Summary: 27298 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 126.2%.
Median Sold Price Compared To Nearby Zip Codes
| 27248 | $190.7K | $240K | +25.8% |
| 27349 | $295K | $329.9K | +11.8% |
| 27298 | $285K | $290K | +1.8% |
Housing Supply in 27298, NC
How many homes are available in 27298, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Summary: The 27298 real estate market had 41 homes for sale in October 2024, a 10.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 27298 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27298, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 27298 in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 27298, NC
How long does it take to sell a home in 27298, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 12 Days | -65.5% |
Summary: Homes in 27298 had an average of 12 days on market in Oct 2024, down by 65.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27298 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 27298; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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