Is 27574, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27574 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 27574 was a Seller's Market.

Key Takeaway

27574 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27574, NC

How much do homes in 27574, NC cost?

Median Sold Price

$300,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+5.3%)

Key Takeaway

Homes in 27574 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 27574 was $300,000 in December 2024, up 5.3% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$160K
N/A
2 $160.9K$197.5K
+22.7%
3 $297.9K$306.5K
+2.9%
4 $340K$322.9K
-5.0%
5+ $760K-
N/A

Summary: 27574 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27574
+5.3%
27573
+1.4%

Housing Supply in 27574, NC

How many homes are available in 27574, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3334+3.0%

Summary: The 27574 real estate market had 34 homes for sale in December 2024, a 3.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2324
+4.3%
4 66
0.0%
5+ 11
0.0%

Summary: The 27574 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27574, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 27574 in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 27574, NC

How long does it take to sell a home in 27574, NC?

Average Sale Time

Dec 2023Dec 2024CHANGE
72 Days87 Days+21.0%

Summary: Homes in 27574 had an average of 87 days on market in Dec 2024, up by 21% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 27574 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 4 homes were sold in 27574; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 27574, NC

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