$6,294 Closing Credit*
$530,000
1,340 SqFt
1 Bed
•1 Full Bath
Kelvin Dumas, Listing Office: Offer Realty
Is 27601, 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, 27601 was a Seller's 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 November 2023
-$25,250(-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 November 2024, down 4.5% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $398K | $378.5K | -4.9% |
| 2 Bedrooms | $505K | $515K | +2.0% |
| 3 Bedrooms | $641.5K | $580K | -9.6% |
| 4 Bedrooms | $608.7K | $922.5K | +51.5% |
| 5+ Bedrooms | $1.7M | $735K | -56.8% |
Summary: 27601 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 51.5%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 76 | 0.0% |
Summary: The 27601 real estate market had 76 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 25 | 22 | -12.0% |
| 3 Bedrooms | 26 | 33 | +26.9% |
| 4 Bedrooms | 14 | 10 | -28.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 27601 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 decreased by 12%, 3 bedroom homes increased by 26.9%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were 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. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 27601 in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 126 Days | +77.3% |
Summary: Homes in 27601 had an average of 126 days on market in Nov 2024, up by 77.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 10 homes were sold in 27601; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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