$9,322 Closing Credit*
$785,000
3,158 SqFt
4 Beds
•2 Full Baths, 1 Partial
Natalie Marrone, Listing Office: Keller Williams Central
Is 27518, 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, 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
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+6.6%)
Key Takeaway
Homes in 27518 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 27518 was $730,000 in October 2024, up 6.6% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $277.5K | +0.9% |
| 3 Bedrooms | $530K | $635.7K | +20.0% |
| 4 Bedrooms | $693.5K | $755K | +8.9% |
| 5+ Bedrooms | $900K | $917.5K | +1.9% |
Summary: 27518 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 27518, NC
How many homes are available in 27518, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 68 | +6.3% |
Summary: The 27518 real estate market had 68 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 27518 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27518, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 27518 in October 2024, up by 42.9% month-over-month. Of the 20 sold homes, 45% were sold under asking, 20% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 42 Days | -31.0% |
Summary: Homes in 27518 had an average of 42 days on market in Oct 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 20 homes were sold in 27518; 55% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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