$5,522 Closing Credit*
$465,000
1,754 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jane G Davis, Listing Office: DASH Carolina
Is 27614, 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, 27614 has remained a Seller's Market.
Key Takeaway
27614 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27614, NC
How much do homes in 27614, NC cost?
Median Sold Price
$666,230
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,730(+8.8%)
Key Takeaway
Homes in 27614 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 27614 was $666,230 in October 2024, up 8.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229K | $237.5K | +3.7% |
| 2 Bedrooms | $295.5K | $315K | +6.6% |
| 3 Bedrooms | $404.7K | $408.7K | +1.0% |
| 4 Bedrooms | $720K | $760K | +5.6% |
| 5+ Bedrooms | $890.3K | $925K | +3.9% |
Summary: 27614 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 27614, NC
How many homes are available in 27614, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 163 | 152 | -6.7% |
Summary: The 27614 real estate market had 152 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 45 | 43 | -4.4% |
| 4 Bedrooms | 69 | 66 | -4.3% |
| 5+ Bedrooms | 42 | 36 | -14.3% |
Summary: The 27614 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27614, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 27614 in October 2024, down by 7.5% month-over-month. Of the 37 sold homes, 54% were sold under asking, 19% were sold at asking, and 27% were sold over asking.
Days on Market for 27614, NC
How long does it take to sell a home in 27614, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 33 Days | -41.0% |
Summary: Homes in 27614 had an average of 33 days on market in Oct 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27614 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 27614; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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