$3,919 Closing Credit*
$330,000
707 SqFt
1 Bed
•1 Full Bath
Taralyn Farrell, Listing Office: Coldwell Banker Advantage
Is 27605, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 27605 was a Neutral 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
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$49,000(-10.9%)
Key Takeaway
Homes in 27605 have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in 27605 was $401,000 in October 2024, down 10.9% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $350.6K | +20.9% |
| 2 Bedrooms | $400K | $392K | -2.0% |
| 3 Bedrooms | $950K | $877K | -7.7% |
| 4 Bedrooms | $1.0M | $990K | -1.0% |
| 5+ Bedrooms | $1.3M | $1.4M | +8.9% |
Summary: 27605 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.9%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in 27605, NC
How many homes are available in 27605, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Summary: The 27605 real estate market had 37 homes for sale in October 2024, a 7.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 27605 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27605, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 27605 in October 2024, down by 66.7% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 31 Days | -33.5% |
Summary: Homes in 27605 had an average of 31 days on market in Oct 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27605 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 27605; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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