$8,786 Closing Credit*
$739,900
2,931 SqFt
3 Beds
•2 Full Baths, 1 Partial
Wendy Joyner, Listing Office: POINTE REALTY GROUP LLC
Is 27607, 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, 27607 has remained a Seller's Market.
Key Takeaway
27607 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27607, NC
How much do homes in 27607, NC cost?
Median Sold Price
$693,333
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,166(-0.9%)
Key Takeaway
Homes in 27607 have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in 27607 was $693,333 in October 2024, down 0.9% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $390K | $477.5K | +22.4% |
| 3 Bedrooms | $580K | $601.5K | +3.7% |
| 4 Bedrooms | $960K | $745K | -22.4% |
| 5+ Bedrooms | $1.7M | $1.5M | -8.6% |
Summary: 27607 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes decreased by 8.6%.
Housing Supply in 27607, NC
How many homes are available in 27607, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 98 | 112 | +14.3% |
Summary: The 27607 real estate market had 112 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 35 | 35 | 0.0% |
| 4 Bedrooms | 40 | 48 | +20.0% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 27607 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 20 | +100.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27607, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 27607 in October 2024, up by 100.0% month-over-month. Of the 20 sold homes, 75% were sold under asking, 10% were sold at asking, and 15% were sold over asking.
Days on Market for 27607, NC
How long does it take to sell a home in 27607, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 34 Days | -18.5% |
Summary: Homes in 27607 had an average of 34 days on market in Oct 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27607 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 27607; 75% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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