$7,422 Closing Credit*
$625,000
3,828 SqFt
3 Beds
•3 Full Baths
Matt Vance, Listing Office: Choice Residential Real Estate
Is 27597, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 27597 was a Seller's Market.
Key Takeaway
27597 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27597, NC
How much do homes in 27597, NC cost?
Median Sold Price
$349,961
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$38(0%)
Key Takeaway
The sold price of homes in 27597 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $184.2K | $230K | +24.9% |
| 3 Bedrooms | $336K | $334.8K | -0.3% |
| 4 Bedrooms | $424.9K | $371.8K | -12.5% |
| 5+ Bedrooms | $450.9K | $479.5K | +6.3% |
Summary: 27597 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 24.9%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in 27597, NC
How many homes are available in 27597, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 220 | 194 | -11.8% |
Summary: The 27597 real estate market had 194 homes for sale in November 2024, a 11.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 144 | 119 | -17.4% |
| 4 Bedrooms | 67 | 63 | -6.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 27597 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 increased by 50%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 30 | -37.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27597, expect to pay close to the asking price. 53.3% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in 27597 in November 2024, down by 37.5% month-over-month. Of the 30 sold homes, 40% were sold under asking, 53% were sold at asking, and 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 39 Days | -44.1% |
Summary: Homes in 27597 had an average of 39 days on market in Nov 2024, down by 44.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 30 homes were sold in 27597; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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