$4,738 Closing Credit*
$399,000
2,183 SqFt
5 Beds
•3 Full Baths
Tanya Thomas, Listing Office: Be Home Realty
Is 27501, 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, 27501 has remained a Seller's 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
$347,995
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,711(-0.5%)
Key Takeaway
The sold price of homes in 27501 has remained the same since last year.
Summary: The median home sold price in 27501 was $347,995 in October 2024, down 0.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199.9K | $219.5K | +9.8% |
| 3 Bedrooms | $329.3K | $338.4K | +2.8% |
| 4 Bedrooms | $395.4K | $389.9K | -1.4% |
| 5+ Bedrooms | $624.4K | $417K | -33.2% |
Summary: 27501 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 increased by 9.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 33.2%.
Housing Supply in 27501, NC
How many homes are available in 27501, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 165 | 152 | -7.9% |
Summary: The 27501 real estate market had 152 homes for sale in October 2024, a 7.9% decrease 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 | 13 | 14 | +7.7% |
| 3 Bedrooms | 93 | 81 | -12.9% |
| 4 Bedrooms | 49 | 48 | -2.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 27501 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 7.7%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27501, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 27501 in October 2024, down by 9.1% month-over-month. Of the 30 sold homes, 57% were sold under asking, 20% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 52 Days | -40.2% |
Summary: Homes in 27501 had an average of 52 days on market in Oct 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 30 homes were sold in 27501; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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