$45,900
1.53 Acres
Land
Nicole Fields, Listing Office: eXp Realty, LLC
Is 27405, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 27405 has remained a Seller's Market.
Key Takeaway
27405 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27405, NC
How much do homes in 27405, NC cost?
Median Sold Price
$229,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,357(+8.7%)
Key Takeaway
Homes in 27405 have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in 27405 was $229,000 in October 2024, up 8.7% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $97.5K | N/A |
| 2 Bedrooms | $134.7K | $131K | -2.8% |
| 3 Bedrooms | $214K | $229K | +7.0% |
| 4 Bedrooms | $286.1K | $300K | +4.8% |
| 5+ Bedrooms | $427.5K | $373.9K | -12.5% |
Summary: 27405 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 decreased by 2.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 12.5%.
Housing Supply in 27405, NC
How many homes are available in 27405, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 157 | 178 | +13.4% |
Summary: The 27405 real estate market had 178 homes for sale in October 2024, a 13.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 86 | 105 | +22.1% |
| 4 Bedrooms | 49 | 48 | -2.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 27405 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 26.7%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 52 | +92.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27405, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in 27405 in October 2024, up by 92.6% month-over-month. Of the 52 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% were sold over asking.
Days on Market for 27405, NC
How long does it take to sell a home in 27405, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 32 Days | +90.4% |
Summary: Homes in 27405 had an average of 32 days on market in Oct 2024, up by 90.4% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27405 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 52 homes were sold in 27405; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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