$7,506 Closing Credit*
$632,090
2,391 SqFt
4 Beds
•3 Full Baths, 1 Partial
Matt Goss, Listing Office: Beazer Homes
Is 27511, 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, 27511 was a Seller's Market.
Key Takeaway
27511 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 27511, NC
How much do homes in 27511, NC cost?
Median Sold Price
$510,666
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,666(+9.8%)
Key Takeaway
Homes in 27511 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 27511 was $510,666 in October 2024, up 9.8% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255.3K | $245K | -4.0% |
| 2 Bedrooms | $313K | $318.5K | +1.8% |
| 3 Bedrooms | $444.3K | $461.2K | +3.8% |
| 4 Bedrooms | $561K | $640K | +14.1% |
| 5+ Bedrooms | $634.4K | $895K | +41.1% |
Summary: 27511 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 41.1%.
Housing Supply in 27511, NC
How many homes are available in 27511, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 101 | +5.2% |
Summary: The 27511 real estate market had 101 homes for sale in October 2024, a 5.2% 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 | 12 | 18 | +50.0% |
| 3 Bedrooms | 33 | 29 | -12.1% |
| 4 Bedrooms | 40 | 45 | +12.5% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 27511 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 50%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 16 | -40.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27511, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 27511 in October 2024, down by 40.7% month-over-month. Of the 16 sold homes, 13% were sold under asking, 31% were sold at asking, and 56% were sold over asking.
Days on Market for 27511, NC
How long does it take to sell a home in 27511, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 34 Days | -39.3% |
Summary: Homes in 27511 had an average of 34 days on market in Oct 2024, down by 39.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27511 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 27511; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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