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 October 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

$250,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+8.7%)

Key Takeaway

Homes in 27360 have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in 27360 was $250,000 in October 2024, up 8.7% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $71.2K$65.5K
-8.1%
2 $145K$155K
+6.9%
3 $230K$255K
+10.9%
4 $300K$357.2K
+19.1%
5+ $361.2K$375K
+3.8%

Summary: 27360 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Zip Codes

27260
+10.3%
27262
+9.3%
27360
+8.7%
27263
+1.8%
27370
-0.8%

Housing Supply in 27360, NC

How many homes are available in 27360, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
177189+6.8%

Summary: The 27360 real estate market had 189 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3140
+29.0%
3 123121
-1.6%
4 1624
+50.0%
5+ 63
-50.0%

Summary: The 27360 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 29%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3641+13.9%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

8 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. 51.2% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 27360 in October 2024, up by 13.9% month-over-month. Of the 41 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% 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

Oct 2023Oct 2024CHANGE
29 Days29 Days-1.6%

Summary: Homes in 27360 had an average of 29 days on market in Oct 2024, down by 1.6% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 41 homes were sold in 27360; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% 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 4 Days Ago

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