$6,234 Closing Credit*
$525,000
3,497 SqFt
5 Beds
•2 Full Baths, 1 Partial
Fatima Diallo, Listing Office: Choice Residential Real Estate
Is 27527, 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, 27527 has remained a Seller's Market.
Key Takeaway
27527 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27527, NC
How much do homes in 27527, NC cost?
Median Sold Price
$400,055
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,264(+1.6%)
Key Takeaway
Homes in 27527 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 27527 was $400,055 in October 2024, up 1.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $285K | -1.7% |
| 3 Bedrooms | $350.5K | $355K | +1.3% |
| 4 Bedrooms | $434.2K | $445K | +2.5% |
| 5+ Bedrooms | $467.5K | $499.9K | +6.9% |
Summary: 27527 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 decreased by 1.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 27527, NC
How many homes are available in 27527, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 182 | 191 | +4.9% |
Summary: The 27527 real estate market had 191 homes for sale in October 2024, a 4.9% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 79 | 92 | +16.5% |
| 4 Bedrooms | 73 | 73 | 0.0% |
| 5+ Bedrooms | 24 | 19 | -20.8% |
Summary: The 27527 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 16.7%, 3 bedroom homes increased by 16.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 44 | +22.2% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27527, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 27527 in October 2024, up by 22.2% month-over-month. Of the 44 sold homes, 48% were sold under asking, 34% were sold at asking, and 18% were sold over asking.
Days on Market for 27527, NC
How long does it take to sell a home in 27527, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 36 Days | -48.6% |
Summary: Homes in 27527 had an average of 36 days on market in Oct 2024, down by 48.6% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27527 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 44 homes were sold in 27527; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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