$2,985,000
4,800 SqFt
5 Beds
•5 Full Baths, 2 Partial
Jenny Hensley, Laura Siegmund, Listing Office: Luxe Residential, LLC
Is 27609, 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, 27609 has remained a Seller's Market.
Key Takeaway
27609 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27609, NC
How much do homes in 27609, NC cost?
Median Sold Price
$538,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,800(+7.3%)
Key Takeaway
Homes in 27609 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 27609 was $538,000 in November 2024, up 7.3% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $290K | $290K | 0.0% |
| 3 Bedrooms | $460K | $450K | -2.2% |
| 4 Bedrooms | $740K | $697.5K | -5.7% |
| 5+ Bedrooms | $1.7M | $1.7M | -1.6% |
Summary: 27609 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 did not change, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in 27609, NC
How many homes are available in 27609, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 180 | 169 | -6.1% |
Summary: The 27609 real estate market had 169 homes for sale in November 2024, a 6.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 25 | 22 | -12.0% |
| 3 Bedrooms | 66 | 53 | -19.7% |
| 4 Bedrooms | 48 | 47 | -2.1% |
| 5+ Bedrooms | 38 | 43 | +13.2% |
Summary: The 27609 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 19.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27609, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 27609 in November 2024, up by 6.3% month-over-month. Of the 34 sold homes, 59% were sold under asking, 15% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 77 Days | 35 Days | -54.5% |
Summary: Homes in 27609 had an average of 35 days on market in Nov 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 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 November 2024, 34 homes were sold in 27609; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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