$4,097 Closing Credit*
$345,000
1,439 SqFt
2 Beds
•2 Full Baths, 1 Partial
Yang Yuan, Listing Office: CHK Realty
Is 27606, 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, 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
$480,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,791(+7.6%)
Key Takeaway
Homes in 27606 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 27606 was $480,000 in October 2024, up 7.6% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.9K | $177K | -36.7% |
| 2 Bedrooms | $279.7K | $288K | +2.9% |
| 3 Bedrooms | $450K | $427.5K | -5.0% |
| 4 Bedrooms | $705K | $675K | -4.3% |
| 5+ Bedrooms | $793.3K | $872K | +9.9% |
Summary: 27606 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 4.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 121 | -1.6% |
Summary: The 27606 real estate market had 121 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 | 1 | 3 | +200.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 49 | 39 | -20.4% |
| 4 Bedrooms | 41 | 43 | +4.9% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 27606 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 20.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 31 | -16.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27606, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 27606 in October 2024, down by 16.2% month-over-month. Of the 31 sold homes, 58% were sold under asking, 19% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 48 Days | -9.6% |
Summary: Homes in 27606 had an average of 48 days on market in Oct 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 31 homes were sold in 27606; 65% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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