$2,671 Closing Credit*
$224,900
1,155 SqFt
3 Beds
•2 Full Baths
Thomas Harper, Listing Office: RE/MAX EXECUTIVE
Is 27557, 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, 27557 has remained a Seller's Market.
Key Takeaway
27557 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27557, NC
How much do homes in 27557, NC cost?
Median Sold Price
$326,500
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,500(+5.3%)
Key Takeaway
Homes in 27557 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 27557 was $326,500 in October 2024, up 5.3% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $110K | -38.9% |
| 3 Bedrooms | $307.5K | $326.5K | +6.2% |
| 4 Bedrooms | $325K | $649K | +99.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 27557 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 38.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 99.7%, and 5+ bedroom homes did not change.
Housing Supply in 27557, NC
How many homes are available in 27557, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 26 | -18.8% |
Summary: The 27557 real estate market had 26 homes for sale in October 2024, a 18.8% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 29 | 22 | -24.1% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27557 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 remained the same, 3 bedroom homes decreased by 24.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27557, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 27557 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for 27557, NC
How long does it take to sell a home in 27557, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 145 Days | 75 Days | -47.7% |
Summary: Homes in 27557 had an average of 75 days on market in Oct 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27557 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 27557; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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