$7,505 Closing Credit*
$632,000
2,589 SqFt
4 Beds
•2 Full Baths, 1 Partial
Thomas Ladane Shoupe, Keba Brown, Listing Office: Opendoor Brokerage LLC
Is 27518, 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, 27518 has remained a Seller's Market.
Key Takeaway
27518 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27518, NC
How much do homes in 27518, NC cost?
Median Sold Price
$730,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+5.8%)
Key Takeaway
Homes in 27518 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 27518 was $730,000 in November 2024, up 5.8% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $276.2K | 0.5% |
| 3 Bedrooms | $530K | $641.6K | +21.1% |
| 4 Bedrooms | $702.5K | $750K | +6.8% |
| 5+ Bedrooms | $920K | $875K | -4.9% |
Summary: 27518 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 0.5%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 27518, NC
How many homes are available in 27518, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 52 | -25.7% |
Summary: The 27518 real estate market had 52 homes for sale in November 2024, a 25.7% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 30 | 18 | -40.0% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The 27518 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 33.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27518, 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 27518 in November 2024, down by 19.0% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for 27518, NC
How long does it take to sell a home in 27518, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 16 Days | -76.4% |
Summary: Homes in 27518 had an average of 16 days on market in Nov 2024, down by 76.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27518 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 27518; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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