Is 27357, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27357 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 27357 was a Seller's Market.

Key Takeaway

27357 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 27357, NC

How much do homes in 27357, NC cost?

Median Sold Price

$476,500

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$36,550(+8.3%)

Key Takeaway

Homes in 27357 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 27357 was $476,500 in November 2024, up 8.3% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $235K$157K
-33.2%
3 $395K$359K
-9.1%
4 $582K$599.9K
+3.1%
5+ --
N/A

Summary: 27357 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 decreased by 33.2%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27357
+8.3%
27358
+8.2%
27025
+6.0%
27310
-0.3%

Housing Supply in 27357, NC

How many homes are available in 27357, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
74740.0%

Summary: The 27357 real estate market had 74 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 3431
-8.8%
4 3842
+10.5%
5+ 00
0.0%

Summary: The 27357 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 decreased by 50%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1711-35.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27357, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 27357 in November 2024, down by 35.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for 27357, NC

How long does it take to sell a home in 27357, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days39 Days+16.0%

Summary: Homes in 27357 had an average of 39 days on market in Nov 2024, up by 16% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27357 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in 27357; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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 18 Days Ago

Newest Listings in 27357, NC

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