$3,206 Closing Credit*
$270,000
1,524 SqFt
3 Beds
•2 Full Baths
SABRINA THORNTON, Listing Office: BLOCK & ASSOCIATES REALTY
Is 27505, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 27505 was a Seller's Market.
Key Takeaway
27505 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27505, NC
How much do homes in 27505, NC cost?
Median Sold Price
$312,900
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+9.8%)
Key Takeaway
Homes in 27505 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 27505 was $312,900 in October 2024, up 9.8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $249.9K | +16.2% |
| 3 Bedrooms | $283K | $308.5K | +9.0% |
| 4 Bedrooms | $390.7K | $375K | -4.0% |
| 5+ Bedrooms | $412.5K | $479.9K | +16.3% |
Summary: 27505 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 16.2%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 16.3%.
Housing Supply in 27505, NC
How many homes are available in 27505, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The 27505 real estate market had 33 homes for sale in October 2024, a 6.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 27505 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27505, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 27505 in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for 27505, NC
How long does it take to sell a home in 27505, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 61 Days | -8.6% |
Summary: Homes in 27505 had an average of 61 days on market in Oct 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27505 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 27505; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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