$10,000 Closing Credit*
$925,000
2,949 SqFt
4 Beds
•2 Full Baths, 1 Partial
Bryan Sinnett, Listing Office: Compass -- Raleigh
Is 27609, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 27609 was a Seller's Market.
Key Takeaway
27609 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27609, NC
How much do homes in 27609, NC cost?
Median Sold Price
$540,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,863(+8.6%)
Key Takeaway
Homes in 27609 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 27609 was $540,000 in October 2024, up 8.6% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $221.5K | +31.8% |
| 2 Bedrooms | $285K | $291.5K | +2.3% |
| 3 Bedrooms | $450K | $439.9K | -2.2% |
| 4 Bedrooms | $710K | $700K | -1.4% |
| 5+ Bedrooms | $1.7M | $1.7M | +0.8% |
Summary: 27609 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.8%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 27609, NC
How many homes are available in 27609, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 169 | 188 | +11.2% |
Summary: The 27609 real estate market had 188 homes for sale in October 2024, a 11.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 32 | 30 | -6.3% |
| 3 Bedrooms | 58 | 67 | +15.5% |
| 4 Bedrooms | 42 | 51 | +21.4% |
| 5+ Bedrooms | 34 | 37 | +8.8% |
Summary: The 27609 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 decreased by 6.3%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27609, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 27609 in October 2024, up by 3.3% month-over-month. Of the 31 sold homes, 65% were sold under asking, 13% were sold at asking, and 23% were sold over asking.
Days on Market for 27609, NC
How long does it take to sell a home in 27609, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 41 Days | -32.2% |
Summary: Homes in 27609 had an average of 41 days on market in Oct 2024, down by 32.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27609 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in 27609; 55% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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