$10,000 Closing Credit*
$1,800,000
816 SqFt
2 Beds
•1 Full Bath
Samara Presley, Listing Office: Smart Choice Realty Company
Is 27605, 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, 27605 was a Seller's Market.
Key Takeaway
27605 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 27605, NC
How much do homes in 27605, NC cost?
Median Sold Price
$401,000
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$40,200(-9.1%)
Key Takeaway
Homes in 27605 have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in 27605 was $401,000 in November 2024, down 9.1% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $379.2K | +33.1% |
| 2 Bedrooms | $399.9K | $389.5K | -2.6% |
| 3 Bedrooms | $970K | $855K | -11.9% |
| 4 Bedrooms | $937.5K | $1.0M | +11.2% |
| 5+ Bedrooms | $1.2M | $1.4M | +19.8% |
Summary: 27605 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.1%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 19.8%.
Housing Supply in 27605, NC
How many homes are available in 27605, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Summary: The 27605 real estate market had 36 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 27605 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27605, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 27605 in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 27605, NC
How long does it take to sell a home in 27605, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 68 Days | 75 Days | +9.6% |
Summary: Homes in 27605 had an average of 75 days on market in Nov 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 27605 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 27605; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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