$6,056 Closing Credit*
$510,000
3,343 SqFt
5 Beds
•3 Full Baths, 1 Partial
Olutunde Atanda-Ogunleye, Listing Office: Abikot Realty Inc.
Is 27377, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 27377 has remained a Neutral Market.
Key Takeaway
27377 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 27377, NC
How much do homes in 27377, NC cost?
Median Sold Price
$330,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,000(+4.1%)
Key Takeaway
Homes in 27377 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 27377 was $330,000 in November 2024, up 4.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $201.5K | $205K | +1.7% |
| 3 Bedrooms | $310K | $315K | +1.6% |
| 4 Bedrooms | $382.7K | $379.8K | -0.8% |
| 5+ Bedrooms | $460K | $407.5K | -11.4% |
Summary: 27377 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 1.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 11.4%.
Housing Supply in 27377, NC
How many homes are available in 27377, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 78 | -8.2% |
Summary: The 27377 real estate market had 78 homes for sale in November 2024, a 8.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 31 | 27 | -12.9% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 27377 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27377, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 27377 in November 2024, down by 7.1% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for 27377, NC
How long does it take to sell a home in 27377, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 42 Days | +72.4% |
Summary: Homes in 27377 had an average of 42 days on market in Nov 2024, up by 72.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27377 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 27377; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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