$5,997 Closing Credit*
$505,000
2,596 SqFt
5 Beds
•3 Full Baths
Angela D Evans, Listing Office: Price Residential Group Inc.
Is 27587, 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, 27587 has remained a Seller's Market.
Key Takeaway
27587 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27587, NC
How much do homes in 27587, NC cost?
Median Sold Price
$533,485
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,502(-1.2%)
Key Takeaway
Homes in 27587 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 27587 was $533,485 in November 2024, down 1.2% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209K | $286K | +36.8% |
| 2 Bedrooms | $349.8K | $425K | +21.5% |
| 3 Bedrooms | $402.1K | $416.3K | +3.5% |
| 4 Bedrooms | $629K | $635K | +1.0% |
| 5+ Bedrooms | $652.5K | $680.1K | +4.2% |
Summary: 27587 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.8%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in 27587, NC
How many homes are available in 27587, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 505 | 450 | -10.9% |
Summary: The 27587 real estate market had 450 homes for sale in November 2024, a 10.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 172 | 168 | -2.3% |
| 4 Bedrooms | 217 | 179 | -17.5% |
| 5+ Bedrooms | 99 | 85 | -14.1% |
Summary: The 27587 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 14.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 128 | 80 | -37.5% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27587, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.
Summary: A total of 80 homes were sold or pending in 27587 in November 2024, down by 37.5% month-over-month. Of the 80 sold homes, 43% were sold under asking, 39% were sold at asking, and 19% were sold over asking.
Days on Market for 27587, NC
How long does it take to sell a home in 27587, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 37 Days | -55.5% |
Summary: Homes in 27587 had an average of 37 days on market in Nov 2024, down by 55.5% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27587 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 80 homes were sold in 27587; 59% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.