$4,152 Closing Credit*
$349,681
2,187 SqFt
3 Beds
•2 Full Baths, 1 Partial
Joey Millard-Edwards, Listing Office: Carolina Realty
Is 27542, 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, 27542 has remained a Buyer's Market.
Key Takeaway
27542 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 27542, NC
How much do homes in 27542, NC cost?
Median Sold Price
$305,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,500(+10.7%)
Key Takeaway
Homes in 27542 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 27542 was $305,000 in November 2024, up 10.7% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $191.5K | $200K | +4.4% |
| 3 Bedrooms | $276K | $306.2K | +11.0% |
| 4 Bedrooms | $433.2K | $360K | -16.9% |
| 5+ Bedrooms | $440K | $485K | +10.2% |
Summary: 27542 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 increased by 4.4%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in 27542, NC
How many homes are available in 27542, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 39 | -17.0% |
Summary: The 27542 real estate market had 39 homes for sale in November 2024, a 17.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 40 | 32 | -20.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27542 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 4 | -77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27542, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 27542 in November 2024, down by 77.8% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for 27542, NC
How long does it take to sell a home in 27542, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 91 Days | +35.8% |
Summary: Homes in 27542 had an average of 91 days on market in Nov 2024, up by 35.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27542 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 27542; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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