$6,352 Closing Credit*
$534,900
2,505 SqFt
3 Beds
•2 Full Baths
Valerie DeLoach, Joe DeLoach, Listing Office: WHY REALTY GROUP/KW Realty Platinum
Is 27591, 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, 27591 has remained a Seller's Market.
Key Takeaway
27591 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27591, NC
How much do homes in 27591, NC cost?
Median Sold Price
$400,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,746(-2.6%)
Key Takeaway
Homes in 27591 have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in 27591 was $400,000 in October 2024, down 2.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160.3K | N/A |
| 2 Bedrooms | $362K | $377K | +4.1% |
| 3 Bedrooms | $399.3K | $368.5K | -7.7% |
| 4 Bedrooms | $455K | $423K | -7.0% |
| 5+ Bedrooms | $546.1K | $425.9K | -22.0% |
Summary: 27591 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 increased by 4.1%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 22%.
Housing Supply in 27591, NC
How many homes are available in 27591, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 284 | 254 | -10.6% |
Summary: The 27591 real estate market had 254 homes for sale in October 2024, a 10.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 160 | 145 | -9.4% |
| 4 Bedrooms | 92 | 79 | -14.1% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The 27591 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 9.4%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 55 | +7.8% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27591, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in 27591 in October 2024, up by 7.8% month-over-month. Of the 55 sold homes, 58% were sold under asking, 31% were sold at asking, and 11% were sold over asking.
Days on Market for 27591, NC
How long does it take to sell a home in 27591, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 94 Days | 38 Days | -59.3% |
Summary: Homes in 27591 had an average of 38 days on market in Oct 2024, down by 59.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27591 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 55 homes were sold in 27591; 53% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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