$10,000 Closing Credit*
$1,835,000
3,734 SqFt
5 Beds
•5 Full Baths
Anne Godwin, Jordan Bellamy, Listing Office: Insight Real Estate
Is 27604, 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, 27604 has remained a Seller's Market.
Key Takeaway
27604 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27604, NC
How much do homes in 27604, NC cost?
Median Sold Price
$365,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.4%)
Key Takeaway
Homes in 27604 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 27604 was $365,000 in November 2024, up 1.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $232.5K | +27.4% |
| 2 Bedrooms | $265K | $277.2K | +4.6% |
| 3 Bedrooms | $345K | $355K | +2.9% |
| 4 Bedrooms | $413.3K | $460K | +11.3% |
| 5+ Bedrooms | $445K | $458.5K | +3.0% |
Summary: 27604 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 3%.
Housing Supply in 27604, NC
How many homes are available in 27604, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 187 | 165 | -11.8% |
Summary: The 27604 real estate market had 165 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 | 5 | 5 | 0.0% |
| 2 Bedrooms | 36 | 30 | -16.7% |
| 3 Bedrooms | 103 | 94 | -8.7% |
| 4 Bedrooms | 33 | 29 | -12.1% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The 27604 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 16.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 31 | -36.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27604, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 27604 in November 2024, down by 36.7% month-over-month. Of the 31 sold homes, 65% were sold under asking, 26% were sold at asking, and 10% were sold over asking.
Days on Market for 27604, NC
How long does it take to sell a home in 27604, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 34 Days | -37.0% |
Summary: Homes in 27604 had an average of 34 days on market in Nov 2024, down by 37% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27604 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in 27604; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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