$7,005 Closing Credit*
$589,900
1,865 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michelle Amy Delin, Listing Office: Flex Realty
Is 27514, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 27514 has remained a Seller's Market.
Key Takeaway
27514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27514, NC
How much do homes in 27514, NC cost?
Median Sold Price
$690,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,250(-1.6%)
Key Takeaway
Homes in 27514 have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in 27514 was $690,000 in October 2024, down 1.6% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $175K | +2.9% |
| 2 Bedrooms | $289K | $338.9K | +17.3% |
| 3 Bedrooms | $601K | $530K | -11.8% |
| 4 Bedrooms | $777K | $922.5K | +18.7% |
| 5+ Bedrooms | $1.2M | $1.0M | -15.6% |
Summary: 27514 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 17.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 15.6%.
Housing Supply in 27514, NC
How many homes are available in 27514, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 87 | +11.5% |
Summary: The 27514 real estate market had 87 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 10 | +66.7% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 27514 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27514, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 27514 in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for 27514, NC
How long does it take to sell a home in 27514, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 30 Days | -29.2% |
Summary: Homes in 27514 had an average of 30 days on market in Oct 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27514 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 27514; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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