$245,000
5.50 Acres
Land
Suzie Robertson Storey, Listing Office: eXp Realty, LLC - C
Is 27525, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 27525 was a Buyer's Market.
Key Takeaway
27525 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27525, NC
How much do homes in 27525, NC cost?
Median Sold Price
$357,825
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,042(+0.3%)
Key Takeaway
The sold price of homes in 27525 has remained the same since last year.
Summary: The median home sold price in 27525 was $357,825 in October 2024, up 0.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $207.5K | $214.9K | +3.6% |
| 3 Bedrooms | $338.2K | $341.5K | +1.0% |
| 4 Bedrooms | $420K | $433K | +3.1% |
| 5+ Bedrooms | $410.6K | $470K | +14.5% |
Summary: 27525 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 3.6%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 27525, NC
How many homes are available in 27525, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 98 | 112 | +14.3% |
Summary: The 27525 real estate market had 112 homes for sale in October 2024, a 14.3% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 62 | 70 | +12.9% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 27525 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 increased by 50%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27525, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 27525 in October 2024, the same as the previous month. Of the 16 sold homes, 44% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for 27525, NC
How long does it take to sell a home in 27525, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 36 Days | -40.3% |
Summary: Homes in 27525 had an average of 36 days on market in Oct 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27525 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 27525; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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