Is 27376, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27376 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 27376 has remained a Seller's Market.

Key Takeaway

27376 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27376, NC

How much do homes in 27376, NC cost?

Median Sold Price

$470,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,500(+6.9%)

Key Takeaway

Homes in 27376 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 27376 was $470,000 in October 2024, up 6.9% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $231.5K$267K
+15.3%
3 $415K$427K
+2.9%
4 $475K$540K
+13.7%
5+ $682.2K$610.1K
-10.6%

Summary: 27376 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 increased by 15.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 10.6%.

Median Sold Price Compared To Nearby Zip Codes

27281
+13.7%
28327
+13.2%
28374
+8.3%
27376
+6.9%

Housing Supply in 27376, NC

How many homes are available in 27376, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8784-3.4%

Summary: The 27376 real estate market had 84 homes for sale in October 2024, a 3.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 5754
-5.3%
4 2728
+3.7%
5+ 21
-50.0%

Summary: The 27376 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 remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27376, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 27376 in October 2024, down by 16.7% month-over-month. Of the 15 sold homes, 53% were sold under asking, 47% were sold at asking, and 0% were sold over asking.

Days on Market for 27376, NC

How long does it take to sell a home in 27376, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days38 Days-45.3%

Summary: Homes in 27376 had an average of 38 days on market in Oct 2024, down by 45.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27376 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 27376; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

Newest Listings in 27376, NC

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