$10,000 Closing Credit*
$1,175,000
3,669 SqFt
4 Beds
•4 Full Baths
Scott Kelley, Listing Office: Governors Club Realty
Is 27517, 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, 27517 has remained a Seller's Market.
Key Takeaway
27517 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27517, NC
How much do homes in 27517, NC cost?
Median Sold Price
$720,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+4.3%)
Key Takeaway
Homes in 27517 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 27517 was $720,000 in November 2024, up 4.3% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $447.5K | $357.5K | -20.1% |
| 2 Bedrooms | $301.5K | $322K | +6.8% |
| 3 Bedrooms | $620K | $607K | -2.1% |
| 4 Bedrooms | $865K | $899.5K | +4.0% |
| 5+ Bedrooms | $1.0M | $1.0M | +8.8% |
Summary: 27517 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in 27517, NC
How many homes are available in 27517, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 142 | 121 | -14.8% |
Summary: The 27517 real estate market had 121 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 43 | 33 | -23.3% |
| 4 Bedrooms | 48 | 42 | -12.5% |
| 5+ Bedrooms | 30 | 24 | -20.0% |
Summary: The 27517 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 28 | -22.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27517, 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 27517 in November 2024, down by 22.2% month-over-month. Of the 28 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% were sold over asking.
Days on Market for 27517, NC
How long does it take to sell a home in 27517, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 38 Days | -48.0% |
Summary: Homes in 27517 had an average of 38 days on market in Nov 2024, down by 48% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27517 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in 27517; 54% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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