Is 27360, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27360 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 27360 has remained a Seller's Market.

Key Takeaway

27360 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27360, NC

How much do homes in 27360, NC cost?

Median Sold Price

$249,900

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,233(+7.9%)

Key Takeaway

Homes in 27360 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 27360 was $249,900 in November 2024, up 7.9% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $71.2K$40K
-43.9%
2 $149K$156K
+4.7%
3 $235K$252K
+7.2%
4 $305K$353.2K
+15.8%
5+ $362.6K$375K
+3.4%

Summary: 27360 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.9%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Zip Codes

27262
+11.5%
27260
+11.5%
27360
+7.9%
27263
+3.6%
27370
0.0%

Housing Supply in 27360, NC

How many homes are available in 27360, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
186176-5.4%

Summary: The 27360 real estate market had 176 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 3842
+10.5%
3 122113
-7.4%
4 2319
-17.4%
5+ 21
-50.0%

Summary: The 27360 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 increased by 10.5%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4645-2.2%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27360, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 27360 in November 2024, down by 2.2% month-over-month. Of the 45 sold homes, 62% were sold under asking, 16% were sold at asking, and 22% were sold over asking.

Days on Market for 27360, NC

How long does it take to sell a home in 27360, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days33 Days+6.3%

Summary: Homes in 27360 had an average of 33 days on market in Nov 2024, up by 6.3% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27360 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 45 homes were sold in 27360; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% 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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