Is 27406, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27406 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 27406 has remained a Seller's Market.

Key Takeaway

27406 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27406, NC

How much do homes in 27406, NC cost?

Median Sold Price

$239,071

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,839(+5.2%)

Key Takeaway

Homes in 27406 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 27406 was $239,071 in November 2024, up 5.2% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $140K$210K
+50.0%
2 $130K$145K
+11.5%
3 $227.4K$230K
+1.1%
4 $315.5K$309.4K
-1.9%
5+ $412.4K$449K
+8.8%

Summary: 27406 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

27403
+15.9%
27407
+7.9%
27401
+6.9%
27406
+5.2%
27313
-0.3%

Housing Supply in 27406, NC

How many homes are available in 27406, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
161170+5.6%

Summary: The 27406 real estate market had 170 homes for sale in November 2024, a 5.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2227
+22.7%
3 9394
+1.1%
4 4042
+5.0%
5+ 56
+20.0%

Summary: The 27406 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 22.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3932-17.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27406, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 27406 in November 2024, down by 17.9% month-over-month. Of the 32 sold homes, 47% were sold under asking, 25% were sold at asking, and 28% were sold over asking.

Days on Market for 27406, NC

How long does it take to sell a home in 27406, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days22 Days+46.2%

Summary: Homes in 27406 had an average of 22 days on market in Nov 2024, up by 46.2% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27406 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 32 homes were sold in 27406; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% 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 27406, NC

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