$2,945 Closing Credit*
$248,000
1,375 SqFt
3 Beds
•2 Full Baths, 1 Partial
Bobby Taboada, Listing Office: Redfin Corporation
Is 27520, 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, 27520 has remained a Seller's Market.
Key Takeaway
27520 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27520, NC
How much do homes in 27520, NC cost?
Median Sold Price
$349,994
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$238(+0.1%)
Key Takeaway
The sold price of homes in 27520 has remained the same since last year.
Summary: The median home sold price in 27520 was $349,994 in November 2024, up 0.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176K | $168.5K | -4.3% |
| 2 Bedrooms | $233K | $260K | +11.6% |
| 3 Bedrooms | $323.6K | $325K | 0.4% |
| 4 Bedrooms | $432K | $420K | -2.8% |
| 5+ Bedrooms | $570K | $537.6K | -5.7% |
Summary: 27520 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 27520, NC
How many homes are available in 27520, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 258 | 218 | -15.5% |
Summary: The 27520 real estate market had 218 homes for sale in November 2024, a 15.5% 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 | 21 | 18 | -14.3% |
| 3 Bedrooms | 170 | 153 | -10.0% |
| 4 Bedrooms | 45 | 32 | -28.9% |
| 5+ Bedrooms | 22 | 15 | -31.8% |
Summary: The 27520 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 14.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes decreased by 31.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 45 | -25.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27520, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 27520 in November 2024, down by 25.0% month-over-month. Of the 45 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for 27520, NC
How long does it take to sell a home in 27520, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 60 Days | -13.1% |
Summary: Homes in 27520 had an average of 60 days on market in Nov 2024, down by 13.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27520 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 45 homes were sold in 27520; 44% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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