$10,000 Closing Credit*
$1,400,000
3,225 SqFt
4 Beds
•4 Full Baths
John O'Neal, Katherine Cannon, Listing Office: O'Neal & Company
Is 27607, 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, 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
$665,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$35,000(-5.0%)
Key Takeaway
Homes in 27607 have sold for 5% less than they did a year ago.
Summary: The median home sold price in 27607 was $665,000 in November 2024, down 5% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $399K | $481K | +20.6% |
| 3 Bedrooms | $570K | $603.2K | +5.8% |
| 4 Bedrooms | $1.1M | $711.5K | -35.3% |
| 5+ Bedrooms | $1.7M | $1.5M | -10.9% |
Summary: 27607 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes decreased by 10.9%.
Housing Supply in 27607, NC
How many homes are available in 27607, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 108 | 96 | -11.1% |
Summary: The 27607 real estate market had 96 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 37 | 34 | -8.1% |
| 4 Bedrooms | 44 | 37 | -15.9% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The 27607 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27607, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 27607 in November 2024, down by 13.6% month-over-month. Of the 19 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 55 Days | -8.0% |
Summary: Homes in 27607 had an average of 55 days on market in Nov 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 19 homes were sold in 27607; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.