Is 27344, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27344 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 27344 was a Seller's Market.

Key Takeaway

27344 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 27344, NC

How much do homes in 27344, NC cost?

Median Sold Price

$277,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,250(+5.0%)

Key Takeaway

Homes in 27344 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 27344 was $277,000 in November 2024, up 5% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350K-
N/A
2 $189K$205K
+8.5%
3 $277.5K$298.7K
+7.7%
4 $260K$330K
+26.9%
5+ $225K-
N/A

Summary: 27344 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes did not change.

Housing Supply in 27344, NC

How many homes are available in 27344, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3837-2.6%

Summary: The 27344 real estate market had 37 homes for sale in November 2024, a 2.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2725
-7.4%
4 89
+12.5%
5+ 11
0.0%

Summary: The 27344 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27344, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 27344 in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 27344, NC

How long does it take to sell a home in 27344, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
80 Days45 Days-43.9%

Summary: Homes in 27344 had an average of 45 days on market in Nov 2024, down by 43.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27344 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 27344; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 22 Days Ago

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