$5,106 Closing Credit*
$430,000
1,630 SqFt
4 Beds
•2 Full Baths, 1 Partial
Debby Smith, Listing Office: Coldwell Banker Advantage
Is 27603, 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, 27603 has remained a Seller's Market.
Key Takeaway
27603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27603, NC
How much do homes in 27603, NC cost?
Median Sold Price
$436,056
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,682(+4.5%)
Key Takeaway
Homes in 27603 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 27603 was $436,056 in November 2024, up 4.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $375.5K | -3.7% |
| 2 Bedrooms | $315K | $400.5K | +27.1% |
| 3 Bedrooms | $390K | $405.7K | +4.0% |
| 4 Bedrooms | $549.9K | $555K | +0.9% |
| 5+ Bedrooms | $580K | $643.1K | +10.9% |
Summary: 27603 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in 27603, NC
How many homes are available in 27603, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 248 | 218 | -12.1% |
Summary: The 27603 real estate market had 218 homes for sale in November 2024, a 12.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 38 | 38 | 0.0% |
| 3 Bedrooms | 148 | 120 | -18.9% |
| 4 Bedrooms | 51 | 47 | -7.8% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 27603 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 41 | -12.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27603, you may be able to get a good deal. 61% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 27603 in November 2024, down by 12.8% month-over-month. Of the 41 sold homes, 61% were sold under asking, 27% were sold at asking, and 12% were sold over asking.
Days on Market for 27603, NC
How long does it take to sell a home in 27603, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 76 Days | 43 Days | -43.3% |
Summary: Homes in 27603 had an average of 43 days on market in Nov 2024, down by 43.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27603 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 41 homes were sold in 27603; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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