$7,358 Closing Credit*
$619,580
2,784 SqFt
4 Beds
•3 Full Baths
Karla N Hamilton, Catherine Franks, Listing Office: Garman Homes LLC
Is 27591, 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, 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
$401,185
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,814(-1.4%)
Key Takeaway
Homes in 27591 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 27591 was $401,185 in November 2024, down 1.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160.3K | N/A |
| 2 Bedrooms | $356K | $377K | +5.9% |
| 3 Bedrooms | $398.5K | $367.6K | -7.7% |
| 4 Bedrooms | $442.9K | $425K | -4.1% |
| 5+ Bedrooms | $510.8K | $425.9K | -16.6% |
Summary: 27591 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 increased by 5.9%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 16.6%.
Housing Supply in 27591, NC
How many homes are available in 27591, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 271 | 231 | -14.8% |
Summary: The 27591 real estate market had 231 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 154 | 132 | -14.3% |
| 4 Bedrooms | 90 | 81 | -10.0% |
| 5+ Bedrooms | 19 | 10 | -47.4% |
Summary: The 27591 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 14.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 47.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 51 | -20.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27591, expect to pay close to the asking price. 51% of homes here sold near the asking price last month.
Summary: A total of 51 homes were sold or pending in 27591 in November 2024, down by 20.3% month-over-month. Of the 51 sold homes, 33% were sold under asking, 51% were sold at asking, and 16% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 78 Days | 46 Days | -40.3% |
Summary: Homes in 27591 had an average of 46 days on market in Nov 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 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 November 2024, 51 homes were sold in 27591; 57% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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