$4,038 Closing Credit*
$340,000
1,732 SqFt
3 Beds
•2 Full Baths
Zelma H. Holyfield, Listing Office: Triad First Realty, Inc
Is 27407, 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, 27407 has remained a Seller's Market.
Key Takeaway
27407 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27407, NC
How much do homes in 27407, NC cost?
Median Sold Price
$269,250
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,000(+6.7%)
Key Takeaway
Homes in 27407 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 27407 was $269,250 in October 2024, up 6.7% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $175.4K | -2.6% |
| 3 Bedrooms | $250K | $264K | +5.6% |
| 4 Bedrooms | $358.5K | $375K | +4.6% |
| 5+ Bedrooms | $450K | $455K | +1.1% |
Summary: 27407 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 2.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 27407, NC
How many homes are available in 27407, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 | 141 | +11.0% |
Summary: The 27407 real estate market had 141 homes for sale in October 2024, a 11.0% 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 | 33 | 34 | +3.0% |
| 3 Bedrooms | 68 | 72 | +5.9% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The 27407 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 3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 40 | +53.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27407, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 27407 in October 2024, up by 53.8% month-over-month. Of the 40 sold homes, 50% were sold under asking, 28% were sold at asking, and 23% were sold over asking.
Days on Market for 27407, NC
How long does it take to sell a home in 27407, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 18 Days | +43.8% |
Summary: Homes in 27407 had an average of 18 days on market in Oct 2024, up by 43.8% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27407 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in 27407; 78% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.