$7,718 Closing Credit*
$649,900
844 SqFt
2 Beds
•1 Full Bath
Lexie Batchelor, Listing Office: Dogwood Properties
Is 27608, 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, 27608 has remained a Seller'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
$959,000
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$86,550(+9.9%)
Key Takeaway
Homes in 27608 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 27608 was $959,000 in October 2024, up 9.9% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | - | N/A |
| 2 Bedrooms | $490K | $375K | -23.5% |
| 3 Bedrooms | $757.5K | $785K | +3.6% |
| 4 Bedrooms | $1.1M | $1.3M | +14.7% |
| 5+ Bedrooms | $1.8M | $1.5M | -16.7% |
Summary: 27608 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 decreased by 23.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 16.7%.
Housing Supply in 27608, NC
How many homes are available in 27608, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 75 | +2.7% |
Summary: The 27608 real estate market had 75 homes for sale in October 2024, a 2.7% 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The 27608 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 remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27608, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 27608 in October 2024, up by 80.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 6% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 27 Days | -66.2% |
Summary: Homes in 27608 had an average of 27 days on market in Oct 2024, down by 66.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27608 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in 27608; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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