Is 27350, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27350 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 27350 was a Neutral Market.

Key Takeaway

27350 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27350, NC

How much do homes in 27350, NC cost?

Median Sold Price

$250,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$40,000(-13.8%)

Key Takeaway

Homes in 27350 have sold for 13.8% less than they did a year ago.

Summary: The median home sold price in 27350 was $250,000 in October 2024, down 13.8% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$270K
N/A
2 $205K$192.2K
-6.2%
3 $290K$250K
-13.8%
4 -$240K
N/A
5+ --
N/A

Summary: 27350 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 6.2%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27317
+6.4%
27205
+3.7%
27263
+1.8%
27370
-0.8%
27350
-13.8%

Housing Supply in 27350, NC

How many homes are available in 27350, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1314+7.7%

Summary: The 27350 real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1010
0.0%
4 00
0.0%
5+ 22
0.0%

Summary: The 27350 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27350, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 27350 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 27350, NC

How long does it take to sell a home in 27350, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
4 Days8 Days+100.0%

Summary: Homes in 27350 had an average of 8 days on market in Oct 2024, up by 100% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27350 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 27350; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in 27350, NC

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