$3,206 Closing Credit*
$269,990
1,641 SqFt
3 Beds
•2 Full Baths, 1 Partial
Teresa Brownell, Tom Jennings, Listing Office: Taylor Morrison of Carolinas,
Is 27501, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 27501 was a Neutral Market.
Key Takeaway
27501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27501, NC
How much do homes in 27501, NC cost?
Median Sold Price
$345,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,000(-1.7%)
Key Takeaway
Homes in 27501 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 27501 was $345,000 in November 2024, down 1.7% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199.9K | $219.1K | +9.6% |
| 3 Bedrooms | $330K | $335.4K | +1.7% |
| 4 Bedrooms | $396.3K | $389.9K | -1.6% |
| 5+ Bedrooms | $624.4K | $419K | -32.9% |
Summary: 27501 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 9.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 32.9%.
Housing Supply in 27501, NC
How many homes are available in 27501, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 161 | 140 | -13.0% |
Summary: The 27501 real estate market had 140 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 90 | 78 | -13.3% |
| 4 Bedrooms | 49 | 42 | -14.3% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 27501 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27501, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 27501 in November 2024, down by 15.6% month-over-month. Of the 27 sold homes, 56% were sold under asking, 26% were sold at asking, and 19% were sold over asking.
Days on Market for 27501, NC
How long does it take to sell a home in 27501, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 153 Days | 56 Days | -63.6% |
Summary: Homes in 27501 had an average of 56 days on market in Nov 2024, down by 63.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27501 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 27501; 56% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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