$4,655 Closing Credit*
$392,000
1,076 SqFt
2 Beds
•2 Full Baths
Johnny Chappell, Ivan Hovis Gobern, Listing Office: Compass -- Raleigh
Is 27601, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 27601 was a Neutral Market.
Key Takeaway
27601 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 27601, NC
How much do homes in 27601, NC cost?
Median Sold Price
$540,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,600(-4.5%)
Key Takeaway
Homes in 27601 have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in 27601 was $540,000 in October 2024, down 4.5% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $398K | $367K | -7.8% |
| 2 Bedrooms | $505K | $506.2K | 0.2% |
| 3 Bedrooms | $633K | $590K | -6.8% |
| 4 Bedrooms | $625K | $980K | +56.8% |
| 5+ Bedrooms | $1.7M | $735K | -56.8% |
Summary: 27601 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 56.8%, and 5+ bedroom homes decreased by 56.8%.
Housing Supply in 27601, NC
How many homes are available in 27601, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 77 | -2.5% |
Summary: The 27601 real estate market had 77 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 24 | 23 | -4.2% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 27601 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 8 | -55.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27601, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 27601 in October 2024, down by 55.6% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 27601, NC
How long does it take to sell a home in 27601, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 140 Days | 61 Days | -56.1% |
Summary: Homes in 27601 had an average of 61 days on market in Oct 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27601 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 27601; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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