$10,000 Closing Credit*
$975,000
4,050 SqFt
10 Beds
•4 Full Baths, 2 Partial
Susan H Ayers, Listing Office: HomeZu
Is 27502, 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, 27502 has remained a Seller's Market.
Key Takeaway
27502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27502, NC
How much do homes in 27502, NC cost?
Median Sold Price
$574,656
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,656(+7.4%)
Key Takeaway
Homes in 27502 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 27502 was $574,656 in October 2024, up 7.4% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $352.5K | $351K | -0.4% |
| 3 Bedrooms | $464.3K | $476.5K | +2.6% |
| 4 Bedrooms | $575K | $595.5K | +3.6% |
| 5+ Bedrooms | $780K | $785.1K | +0.7% |
Summary: 27502 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 0.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 27502, NC
How many homes are available in 27502, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 164 | 180 | +9.8% |
Summary: The 27502 real estate market had 180 homes for sale in October 2024, a 9.8% 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 | 11 | 13 | +18.2% |
| 3 Bedrooms | 67 | 75 | +11.9% |
| 4 Bedrooms | 53 | 55 | +3.8% |
| 5+ Bedrooms | 33 | 37 | +12.1% |
Summary: The 27502 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 18.2%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 55 | +66.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27502, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in 27502 in October 2024, up by 66.7% month-over-month. Of the 55 sold homes, 56% were sold under asking, 20% were sold at asking, and 24% were sold over asking.
Days on Market for 27502, NC
How long does it take to sell a home in 27502, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 119 Days | 26 Days | -77.5% |
Summary: Homes in 27502 had an average of 26 days on market in Oct 2024, down by 77.5% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27502 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 55 homes were sold in 27502; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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