$4,275 Closing Credit*
$360,000
860 SqFt
1 Bed
•1 Full Bath
Mickey D'Loughy, Listing Office: NextHome Triangle Properties
Is 27603, 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, 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
$430,917
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,205(+2.7%)
Key Takeaway
Homes in 27603 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 27603 was $430,917 in October 2024, up 2.7% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $375.5K | -3.7% |
| 2 Bedrooms | $316.5K | $400.5K | +26.5% |
| 3 Bedrooms | $393.8K | $405K | +2.8% |
| 4 Bedrooms | $549.9K | $540K | -1.8% |
| 5+ Bedrooms | $574.8K | $643.1K | +11.9% |
Summary: 27603 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in 27603, NC
How many homes are available in 27603, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 254 | 250 | -1.6% |
Summary: The 27603 real estate market had 250 homes for sale in October 2024, a 1.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 32 | 41 | +28.1% |
| 3 Bedrooms | 152 | 147 | -3.3% |
| 4 Bedrooms | 52 | 48 | -7.7% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The 27603 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 28.1%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27603, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 27603 in October 2024, down by 2.2% month-over-month. Of the 44 sold homes, 55% were sold under asking, 30% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 36 Days | -36.0% |
Summary: Homes in 27603 had an average of 36 days on market in Oct 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 44 homes were sold in 27603; 59% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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