Is 27510, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27510 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 27510 has remained a Seller's Market.

Key Takeaway

27510 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27510, NC

How much do homes in 27510, NC cost?

Median Sold Price

$403,500

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$36,500(-8.3%)

Key Takeaway

Homes in 27510 have sold for 8.3% less than they did a year ago.

Summary: The median home sold price in 27510 was $403,500 in October 2024, down 8.3% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $260K$289.5K
+11.3%
3 $539.5K$425K
-21.2%
4 $695.5K$715K
+2.8%
5+ -$1.0M
N/A

Summary: 27510 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 11.3%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27516
+5.8%
27510
-8.3%

Housing Supply in 27510, NC

How many homes are available in 27510, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2532+28.0%

Summary: The 27510 real estate market had 32 homes for sale in October 2024, a 28.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1115
+36.4%
3 811
+37.5%
4 66
0.0%
5+ 00
0.0%

Summary: The 27510 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 36.4%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27510, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 27510 in October 2024, up by 80.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.

Days on Market for 27510, NC

How long does it take to sell a home in 27510, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days24 Days-39.6%

Summary: Homes in 27510 had an average of 24 days on market in Oct 2024, down by 39.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27510 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 27510; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 27510, NC

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