$6,175 Closing Credit*
$520,000
2,362 SqFt
3 Beds
•3 Full Baths
Lee Rand, Listing Office: Hodge & Kittrell Sotheby's Int
Is 27597, 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, 27597 has remained a Seller's Market.
Key Takeaway
27597 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27597, NC
How much do homes in 27597, NC cost?
Median Sold Price
$350,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32(0.0%)
Key Takeaway
The sold price of homes in 27597 has remained the same since last year.
Summary: The median home sold price in 27597 was $350,000 in October 2024, the same as last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $184.2K | $235K | +27.6% |
| 3 Bedrooms | $335K | $334.9K | 0% |
| 4 Bedrooms | $422.4K | $373K | -11.7% |
| 5+ Bedrooms | $450.9K | $474K | +5.1% |
Summary: 27597 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 27.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 27597, NC
How many homes are available in 27597, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 215 | 211 | -1.9% |
Summary: The 27597 real estate market had 211 homes for sale in October 2024, a 1.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 139 | 138 | -0.7% |
| 4 Bedrooms | 64 | 60 | -6.3% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 27597 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 increased by 50%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 40 | -4.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27597, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 40 homes were sold or pending in 27597 in October 2024, down by 4.8% month-over-month. Of the 40 sold homes, 35% were sold under asking, 45% were sold at asking, and 20% were sold over asking.
Days on Market for 27597, NC
How long does it take to sell a home in 27597, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 111 Days | 70 Days | -37.1% |
Summary: Homes in 27597 had an average of 70 days on market in Oct 2024, down by 37.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27597 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in 27597; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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