$5,818 Closing Credit*
$489,900
2,978 SqFt
3 Beds
•3 Full Baths
Robin Minter, Listing Office: Allen Tate-Asheboro
Is 27317, 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, 27317 has remained a Seller's Market.
Key Takeaway
27317 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27317, NC
How much do homes in 27317, NC cost?
Median Sold Price
$266,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,000(+6.4%)
Key Takeaway
Homes in 27317 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 27317 was $266,000 in October 2024, up 6.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $242K | N/A |
| 2 Bedrooms | $195K | $183.4K | -5.9% |
| 3 Bedrooms | $254K | $279K | +9.8% |
| 4 Bedrooms | $339.5K | $295K | -13.1% |
| 5+ Bedrooms | $719.5K | $557.5K | -22.5% |
Summary: 27317 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 5.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 22.5%.
Median Sold Price Compared To Nearby Zip Codes
| 27248 | $190.7K | $240K | +25.8% |
| 27203 | $205.5K | $220K | +7.1% |
| 27317 | $250K | $266K | +6.4% |
| 27233 | $300K | $290K | -3.3% |
| 27350 | $290K | $250K | -13.8% |
Housing Supply in 27317, NC
How many homes are available in 27317, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 34 | -10.5% |
Summary: The 27317 real estate market had 34 homes for sale in October 2024, a 10.5% decrease 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 27317 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 16.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27317, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 27317 in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for 27317, NC
How long does it take to sell a home in 27317, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 36 Days | +20.9% |
Summary: Homes in 27317 had an average of 36 days on market in Oct 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27317 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 27317; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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