$6,947 Closing Credit*
$585,000
2,072 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brandon Yopp, Listing Office: The Oceanaire Realty
Is 27516, 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, 27516 has remained a Seller's Market.
Key Takeaway
27516 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27516, NC
How much do homes in 27516, NC cost?
Median Sold Price
$662,816
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,816(+6.1%)
Key Takeaway
Homes in 27516 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 27516 was $662,816 in November 2024, up 6.1% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $340K | 0% |
| 2 Bedrooms | $377.4K | $405K | +7.3% |
| 3 Bedrooms | $528K | $550K | +4.2% |
| 4 Bedrooms | $700K | $801.5K | +14.5% |
| 5+ Bedrooms | $850K | $975K | +14.7% |
Summary: 27516 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 14.7%.
Housing Supply in 27516, NC
How many homes are available in 27516, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 142 | 133 | -6.3% |
Summary: The 27516 real estate market had 133 homes for sale in November 2024, a 6.3% 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 | 10 | 10 | 0.0% |
| 3 Bedrooms | 62 | 56 | -9.7% |
| 4 Bedrooms | 52 | 49 | -5.8% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The 27516 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 remained the same, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27516, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 27516 in November 2024, the same as the previous month. Of the 28 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 27516, NC
How long does it take to sell a home in 27516, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 21 Days | -65.8% |
Summary: Homes in 27516 had an average of 21 days on market in Nov 2024, down by 65.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27516 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in 27516; 79% 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.
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