Is 27534, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27534 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 27534 has remained a Seller's Market.

Key Takeaway

27534 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27534, NC

How much do homes in 27534, NC cost?

Median Sold Price

$275,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+10.0%)

Key Takeaway

Homes in 27534 have sold for 10% more than they did a year ago.

Summary: The median home sold price in 27534 was $275,000 in October 2024, up 10% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225K-
N/A
2 $147K$201K
+36.7%
3 $239.5K$255.4K
+6.7%
4 $315K$349.9K
+11.1%
5+ $420K$422.4K
+0.6%

Summary: 27534 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 36.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Zip Codes

27534
+10.0%
28551
+6.7%
28333
+4.4%
27863
+1.0%

Housing Supply in 27534, NC

How many homes are available in 27534, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
153142-7.2%

Summary: The 27534 real estate market had 142 homes for sale in October 2024, a 7.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 8686
0.0%
4 5645
-19.6%
5+ 53
-40.0%

Summary: The 27534 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3539+11.4%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27534, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 27534 in October 2024, up by 11.4% month-over-month. Of the 39 sold homes, 56% were sold under asking, 41% were sold at asking, and 3% were sold over asking.

Days on Market for 27534, NC

How long does it take to sell a home in 27534, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days63 Days+85.2%

Summary: Homes in 27534 had an average of 63 days on market in Oct 2024, up by 85.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27534 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in 27534; 44% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

Newest Listings in 27534, NC

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