$5,463 Closing Credit*
$460,000
1,640 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brenda Goff, Listing Office: Coldwell Banker Advantage
Is 27502, 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, 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
$574,716
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,583(+7.2%)
Key Takeaway
Homes in 27502 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 27502 was $574,716 in November 2024, up 7.2% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $347.5K | $351K | +1.0% |
| 3 Bedrooms | $465K | $478K | +2.8% |
| 4 Bedrooms | $572K | $604K | +5.6% |
| 5+ Bedrooms | $776.4K | $801K | +3.2% |
Summary: 27502 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%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 27502, NC
How many homes are available in 27502, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 182 | 145 | -20.3% |
Summary: The 27502 real estate market had 145 homes for sale in November 2024, a 20.3% 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 | 14 | 13 | -7.1% |
| 3 Bedrooms | 75 | 61 | -18.7% |
| 4 Bedrooms | 55 | 40 | -27.3% |
| 5+ Bedrooms | 38 | 31 | -18.4% |
Summary: The 27502 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 7.1%, 3 bedroom homes decreased by 18.7%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 18.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 37 | -33.9% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27502, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 27502 in November 2024, down by 33.9% month-over-month. Of the 37 sold homes, 49% were sold under asking, 22% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 105 Days | 29 Days | -71.8% |
Summary: Homes in 27502 had an average of 29 days on market in Nov 2024, down by 71.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 37 homes were sold in 27502; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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