$7,113 Closing Credit*
$599,000
2,565 SqFt
5 Beds
•3 Full Baths
Naveen Pereira, Philip Mathew, Listing Office: Ideal Home Realty
Is 27540, 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, 27540 has remained a Seller's Market.
Key Takeaway
27540 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27540, NC
How much do homes in 27540, NC cost?
Median Sold Price
$599,916
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,816(+6.3%)
Key Takeaway
Homes in 27540 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 27540 was $599,916 in October 2024, up 6.3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | - | N/A |
| 2 Bedrooms | $374.5K | $327.5K | -12.6% |
| 3 Bedrooms | $452K | $440K | -2.7% |
| 4 Bedrooms | $585.6K | $630K | +7.6% |
| 5+ Bedrooms | $712.7K | $765.9K | +7.5% |
Summary: 27540 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 12.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in 27540, NC
How many homes are available in 27540, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 186 | 194 | +4.3% |
Summary: The 27540 real estate market had 194 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 1 | -80.0% |
| 3 Bedrooms | 67 | 72 | +7.5% |
| 4 Bedrooms | 73 | 75 | +2.7% |
| 5+ Bedrooms | 39 | 44 | +12.8% |
Summary: The 27540 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 decreased by 80%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 12.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 47 | -4.1% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27540, you may be able to get a good deal. 59.6% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in 27540 in October 2024, down by 4.1% month-over-month. Of the 47 sold homes, 60% were sold under asking, 13% were sold at asking, and 28% were sold over asking.
Days on Market for 27540, NC
How long does it take to sell a home in 27540, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 28 Days | -51.1% |
Summary: Homes in 27540 had an average of 28 days on market in Oct 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27540 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 47 homes were sold in 27540; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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