$2,255 Closing Credit*
$189,900
1,239 SqFt
2 Beds
•2 Full Baths
Kelly Cassell, Listing Office: Allen Tate-Asheboro
Is 27316, 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, 27316 has remained a Seller's Market.
Key Takeaway
27316 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27316, NC
How much do homes in 27316, NC cost?
Median Sold Price
$230,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,000(+13.3%)
Key Takeaway
Homes in 27316 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 27316 was $230,000 in October 2024, up 13.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $235K | $193.7K | -17.6% |
| 3 Bedrooms | $200.5K | $263.5K | +31.4% |
| 4 Bedrooms | $241K | - | N/A |
| 5+ Bedrooms | - | $495K | N/A |
Summary: 27316 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 decreased by 17.6%, 3 bedroom homes increased by 31.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 27248 | $190.7K | $240K | +25.8% |
| 27316 | $203K | $230K | +13.3% |
| 27344 | $270K | $279K | +3.3% |
Housing Supply in 27316, NC
How many homes are available in 27316, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The 27316 real estate market had 12 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27316 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27316, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 27316 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 27316, NC
How long does it take to sell a home in 27316, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 14 Days | -20.8% |
Summary: Homes in 27316 had an average of 14 days on market in Oct 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27316 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 27316; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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