$3,497 Closing Credit*
$294,500
1,398 SqFt
3 Beds
•2 Full Baths, 1 Partial
Bill Burnet, Holly Hendren, Listing Office: Compass -- Cary
Is 27606, 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, 27606 has remained a Seller's Market.
Key Takeaway
27606 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27606, NC
How much do homes in 27606, NC cost?
Median Sold Price
$485,666
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,399(+7.9%)
Key Takeaway
Homes in 27606 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 27606 was $485,666 in November 2024, up 7.9% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.9K | $177K | -36.7% |
| 2 Bedrooms | $279.5K | $297K | +6.3% |
| 3 Bedrooms | $447K | $431.2K | -3.5% |
| 4 Bedrooms | $710K | $675K | -4.9% |
| 5+ Bedrooms | $793.3K | $872K | +9.9% |
Summary: 27606 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in 27606, NC
How many homes are available in 27606, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 118 | 105 | -11.0% |
Summary: The 27606 real estate market had 105 homes for sale in November 2024, a 11.0% 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 | 26 | 20 | -23.1% |
| 3 Bedrooms | 39 | 41 | +5.1% |
| 4 Bedrooms | 42 | 34 | -19.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 27606 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 decreased by 23.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27606, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 27606 in November 2024, down by 12.5% month-over-month. Of the 28 sold homes, 68% were sold under asking, 18% were sold at asking, and 14% were sold over asking.
Days on Market for 27606, NC
How long does it take to sell a home in 27606, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 76 Days | 24 Days | -68.0% |
Summary: Homes in 27606 had an average of 24 days on market in Nov 2024, down by 68% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27606 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in 27606; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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