Is 27371, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27371 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 27371 has remained a Seller's Market.

Key Takeaway

27371 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27371, NC

How much do homes in 27371, NC cost?

Median Sold Price

$226,450

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,450(+14.9%)

Key Takeaway

Homes in 27371 have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in 27371 was $226,450 in November 2024, up 14.9% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $67K-
N/A
2 $130K$170K
+30.8%
3 $196K$236.5K
+20.7%
4 $350K$185K
-47.1%
5+ $489.7K$529.5K
+8.1%

Summary: 27371 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 30.8%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 47.1%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Zip Codes

27371
+14.9%
28001
+14.6%
28127
0.0%
27209
-28.0%

Housing Supply in 27371, NC

How many homes are available in 27371, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
27270.0%

Summary: The 27371 real estate market had 27 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 67
+16.7%
3 1516
+6.7%
4 33
0.0%
5+ 31
-66.7%

Summary: The 27371 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 16.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

6 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 27371, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 27371 in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for 27371, NC

How long does it take to sell a home in 27371, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
5 Days46 Days+705.0%

Summary: Homes in 27371 had an average of 46 days on market in Nov 2024, up by 705% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27371 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 27371; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% 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 21 Days Ago

Newest Listings in 27371, NC

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