$8,016 Closing Credit*
$675,000
4,310 SqFt
5 Beds
•3 Full Baths, 1 Partial
Shane Pike, Listing Office: Allen Tate/Raleigh-Glenwood
Is 27571, 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, 27571 has remained a Seller's Market.
Key Takeaway
27571 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27571, NC
How much do homes in 27571, NC cost?
Median Sold Price
$470,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$35,000(-6.9%)
Key Takeaway
Homes in 27571 have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in 27571 was $470,000 in November 2024, down 6.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $282K | $280K | -0.7% |
| 3 Bedrooms | $380K | $369.6K | -2.7% |
| 4 Bedrooms | $511.2K | $479.5K | -6.2% |
| 5+ Bedrooms | $599.5K | $577.5K | -3.7% |
Summary: 27571 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 0.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in 27571, NC
How many homes are available in 27571, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Summary: The 27571 real estate market had 25 homes for sale in November 2024, a 21.9% 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 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 9 | 5 | -44.4% |
Summary: The 27571 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27571, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 27571 in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 27571, NC
How long does it take to sell a home in 27571, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 38 Days | -34.0% |
Summary: Homes in 27571 had an average of 38 days on market in Nov 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27571 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 27571; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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