$3,206 Closing Credit*
$270,000
1,436 SqFt
3 Beds
•2 Full Baths
ANDREA BALKCOM, Listing Office: RE/MAX SOUTHERN PROPERTIES LLC.
Is 27505, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 27505 was a Neutral Market.
Key Takeaway
27505 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27505, NC
How much do homes in 27505, NC cost?
Median Sold Price
$315,450
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$30,500(+10.7%)
Key Takeaway
Homes in 27505 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 27505 was $315,450 in December 2024, up 10.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $218.4K | -2.9% |
| 3 Bedrooms | $281.5K | $307.9K | +9.4% |
| 4 Bedrooms | $347.5K | $380K | +9.4% |
| 5+ Bedrooms | $412.5K | $470.9K | +14.2% |
Summary: 27505 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in 27505, NC
How many homes are available in 27505, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Summary: The 27505 real estate market had 35 homes for sale in December 2024, a 16.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 22 | 28 | +27.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 27505 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
4 Homes Were 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, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 27505 in December 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 25 Days | 44 Days | +74.4% |
Summary: Homes in 27505 had an average of 44 days on market in Dec 2024, up by 74.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27505 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in 27505; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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