$7,092 Closing Credit*
$597,200
1,931 SqFt
4 Beds
•2 Full Baths, 1 Partial
Ewa Orocz, Listing Office: Triangle Home Experts
Is 27516, 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, 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
$661,533
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,533(+5.8%)
Key Takeaway
Homes in 27516 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 27516 was $661,533 in October 2024, up 5.8% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $355K | +10.9% |
| 2 Bedrooms | $366.5K | $405K | +10.5% |
| 3 Bedrooms | $526.5K | $550K | +4.5% |
| 4 Bedrooms | $705K | $791.5K | +12.3% |
| 5+ Bedrooms | $899.9K | $975K | +8.3% |
Summary: 27516 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in 27516, NC
How many homes are available in 27516, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 146 | 144 | -1.4% |
Summary: The 27516 real estate market had 144 homes for sale in October 2024, a 1.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 73 | 64 | -12.3% |
| 4 Bedrooms | 47 | 51 | +8.5% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The 27516 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 28 | -31.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27516, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 27516 in October 2024, down by 31.7% month-over-month. Of the 28 sold homes, 54% were sold under asking, 7% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 33 Days | -47.7% |
Summary: Homes in 27516 had an average of 33 days on market in Oct 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 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 October 2024, 28 homes were sold in 27516; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.