Is 27310, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27310 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 27310 was a Seller's Market.

Key Takeaway

27310 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27310, NC

How much do homes in 27310, NC cost?

Median Sold Price

$656,425

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,450(+2.6%)

Key Takeaway

Homes in 27310 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 27310 was $656,425 in October 2024, up 2.6% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $157K$145K
-7.6%
2 $200K$297K
+48.5%
3 $365.2K$449K
+22.9%
4 $719.9K$785.5K
+9.1%
5+ $615K$492.5K
-19.9%

Summary: 27310 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 48.5%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 19.9%.

Median Sold Price Compared To Nearby Zip Codes

27357
+9.5%
27409
+7.5%
27310
+2.6%
27284
+1.5%
27235
-1.8%

Housing Supply in 27310, NC

How many homes are available in 27310, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4752+10.6%

Summary: The 27310 real estate market had 52 homes for sale in October 2024, a 10.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1115
+36.4%
4 3534
-2.9%
5+ 13
+200.0%

Summary: The 27310 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 remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27310, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 27310 in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for 27310, NC

How long does it take to sell a home in 27310, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days17 Days-66.3%

Summary: Homes in 27310 had an average of 17 days on market in Oct 2024, down by 66.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27310 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 27310; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 27310, NC

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