$4,857 Closing Credit*
$409,000
1,346 SqFt
3 Beds
•2 Full Baths
Andrew T Pinter, Listing Office: AJ Development
Is 27540, 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, 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
$605,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,000(+7.8%)
Key Takeaway
Homes in 27540 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 27540 was $605,000 in November 2024, up 7.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | - | N/A |
| 2 Bedrooms | $351K | $330K | -6.0% |
| 3 Bedrooms | $452.5K | $440K | -2.8% |
| 4 Bedrooms | $580K | $635K | +9.5% |
| 5+ Bedrooms | $710.2K | $770K | +8.4% |
Summary: 27540 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in 27540, NC
How many homes are available in 27540, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 195 | 151 | -22.6% |
Summary: The 27540 real estate market had 151 homes for sale in November 2024, a 22.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 73 | 58 | -20.5% |
| 4 Bedrooms | 72 | 57 | -20.8% |
| 5+ Bedrooms | 46 | 31 | -32.6% |
Summary: The 27540 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 increased by 50%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 32.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 40 | -20.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27540, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 27540 in November 2024, down by 20.0% month-over-month. Of the 40 sold homes, 50% were sold under asking, 33% were sold at asking, and 18% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 24 Days | -56.1% |
Summary: Homes in 27540 had an average of 24 days on market in Nov 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 40 homes were sold in 27540; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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