$6,233 Closing Credit*
$524,900
2,340 SqFt
3 Beds
•2 Full Baths, 2 Partial
Chad Ross, Listing Office: Hodge & Kittrell Sotheby's Int
Is 27612, 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, 27612 has remained a Seller's Market.
Key Takeaway
27612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27612, NC
How much do homes in 27612, NC cost?
Median Sold Price
$490,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$26,333(-5.1%)
Key Takeaway
Homes in 27612 have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in 27612 was $490,000 in October 2024, down 5.1% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $239K | +16.6% |
| 2 Bedrooms | $310K | $324K | +4.5% |
| 3 Bedrooms | $471K | $483K | +2.5% |
| 4 Bedrooms | $725K | $662.2K | -8.7% |
| 5+ Bedrooms | $1.1M | $1.1M | -4.7% |
Summary: 27612 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 27612, NC
How many homes are available in 27612, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 147 | +8.1% |
Summary: The 27612 real estate market had 147 homes for sale in October 2024, a 8.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 26 | +62.5% |
| 3 Bedrooms | 50 | 50 | 0.0% |
| 4 Bedrooms | 49 | 46 | -6.1% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The 27612 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 increased by 62.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27612, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 27612 in October 2024, down by 3.8% month-over-month. Of the 25 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for 27612, NC
How long does it take to sell a home in 27612, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 34 Days | -43.0% |
Summary: Homes in 27612 had an average of 34 days on market in Oct 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27612 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 27612; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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