$10,000 Closing Credit*
$875,000
3,772 SqFt
4 Beds
•3 Full Baths, 1 Partial
Lisa Galvin, Robin Donegan, Listing Office: Cross Town Realty, LLC
Is 27511, 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, 27511 has remained a Seller's Market.
Key Takeaway
27511 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27511, NC
How much do homes in 27511, NC cost?
Median Sold Price
$510,333
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,333(+10.9%)
Key Takeaway
Homes in 27511 have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in 27511 was $510,333 in November 2024, up 10.9% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255.3K | $245K | -4.0% |
| 2 Bedrooms | $316.5K | $315K | -0.5% |
| 3 Bedrooms | $444.3K | $451.5K | +1.6% |
| 4 Bedrooms | $555K | $640K | +15.3% |
| 5+ Bedrooms | $625K | $895K | +43.2% |
Summary: 27511 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 43.2%.
Housing Supply in 27511, NC
How many homes are available in 27511, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 94 | -7.8% |
Summary: The 27511 real estate market had 94 homes for sale in November 2024, a 7.8% 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 | 18 | 16 | -11.1% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 44 | 41 | -6.8% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 27511 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 11.1%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27511, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 27511 in November 2024, up by 47.1% month-over-month. Of the 25 sold homes, 56% were sold under asking, 20% were sold at asking, and 24% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 29 Days | -45.2% |
Summary: Homes in 27511 had an average of 29 days on market in Nov 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 25 homes were sold in 27511; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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