$2,601 Closing Credit*
$219,000
1,300 SqFt
3 Beds
•2 Full Baths
Maria Muedas, Listing Office: Worth Clark Realty
Is 27407, 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, 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
$273,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,883(+7.9%)
Key Takeaway
Homes in 27407 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 27407 was $273,000 in November 2024, up 7.9% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179.4K | $182K | +1.4% |
| 3 Bedrooms | $250K | $263.8K | +5.5% |
| 4 Bedrooms | $363K | $367K | +1.1% |
| 5+ Bedrooms | $450K | $455K | +1.1% |
Summary: 27407 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 1.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 1.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 127 | -5.2% |
Summary: The 27407 real estate market had 127 homes for sale in November 2024, a 5.2% 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 | 32 | 29 | -9.4% |
| 3 Bedrooms | 69 | 62 | -10.1% |
| 4 Bedrooms | 25 | 30 | +20.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 27407 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 9.4%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 32 | -22.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27407, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 27407 in November 2024, down by 22.0% month-over-month. Of the 32 sold homes, 53% were sold under asking, 22% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 33 Days | -19.3% |
Summary: Homes in 27407 had an average of 33 days on market in Nov 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27407 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in 27407; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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