Is 27519, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27519 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 27519 has remained a Seller's Market.

Key Takeaway

27519 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27519, NC

How much do homes in 27519, NC cost?

Median Sold Price

$706,000

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$71,500(+11.3%)

Key Takeaway

Homes in 27519 have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in 27519 was $706,000 in November 2024, up 11.3% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $269.9K$265K
-1.8%
2 $450K$476.4K
+5.9%
3 $550.4K$585K
+6.3%
4 $671.2K$775K
+15.5%
5+ $999K$1.1M
+11.1%

Summary: 27519 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

27523
+15.1%
27519
+11.3%
27513
+7.6%
27713
+4.0%
27560
-0.2%

Housing Supply in 27519, NC

How many homes are available in 27519, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
180154-14.4%

Summary: The 27519 real estate market had 154 homes for sale in November 2024, a 14.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1512
-20.0%
3 6659
-10.6%
4 5439
-27.8%
5+ 4543
-4.4%

Summary: The 27519 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 4.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4341-4.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer54%32%15%

Key Takeaway

If you're buying a home in 27519, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 27519 in November 2024, down by 4.7% month-over-month. Of the 41 sold homes, 54% were sold under asking, 15% were sold at asking, and 32% were sold over asking.

Days on Market for 27519, NC

How long does it take to sell a home in 27519, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
67 Days22 Days-66.0%

Summary: Homes in 27519 had an average of 22 days on market in Nov 2024, down by 66% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times73%22%

Key Takeaway

Many homes in 27519 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 41 homes were sold in 27519; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in 27519, NC

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