$10,000 Closing Credit*
$2,275,000
4,891 SqFt
6 Beds
•5 Full Baths, 1 Partial
Amanda Williams, Listing Office: Berkshire Hathaway HomeService
Is 27608, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 27608 was a Buyer's Market.
Key Takeaway
27608 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27608, NC
How much do homes in 27608, NC cost?
Median Sold Price
$961,500
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$89,050(+10.2%)
Key Takeaway
Homes in 27608 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 27608 was $961,500 in November 2024, up 10.2% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | - | N/A |
| 2 Bedrooms | $490K | $391.7K | -20.1% |
| 3 Bedrooms | $756.2K | $787.5K | +4.1% |
| 4 Bedrooms | $1.1M | $1.4M | +22.7% |
| 5+ Bedrooms | $1.8M | $1.5M | -19.0% |
Summary: 27608 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 decreased by 20.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 19%.
Housing Supply in 27608, NC
How many homes are available in 27608, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 67 | -17.3% |
Summary: The 27608 real estate market had 67 homes for sale in November 2024, a 17.3% 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 | 13 | 11 | -15.4% |
| 3 Bedrooms | 21 | 14 | -33.3% |
| 4 Bedrooms | 26 | 19 | -26.9% |
| 5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The 27608 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 15.4%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 26.9%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27608, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 27608 in November 2024, the same as the previous month. Of the 18 sold homes, 50% were sold under asking, 11% were sold at asking, and 39% were sold over asking.
Days on Market for 27608, NC
How long does it take to sell a home in 27608, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 113 Days | 25 Days | -78.0% |
Summary: Homes in 27608 had an average of 25 days on market in Nov 2024, down by 78% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27608 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 27608; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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