$5,878 Closing Credit*
$495,000
2,098 SqFt
4 Beds
•3 Full Baths
Diana Ortega, Listing Office: Compass -- Raleigh
Is 27615, 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, 27615 has remained a Seller's Market.
Key Takeaway
27615 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27615, NC
How much do homes in 27615, NC cost?
Median Sold Price
$523,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,722(+11.7%)
Key Takeaway
Homes in 27615 have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in 27615 was $523,000 in October 2024, up 11.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214K | $207.5K | -3.0% |
| 2 Bedrooms | $274K | $286K | +4.4% |
| 3 Bedrooms | $423.5K | $440K | +3.9% |
| 4 Bedrooms | $650K | $621.5K | -4.4% |
| 5+ Bedrooms | $842.5K | $1.1M | +30.6% |
Summary: 27615 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 30.6%.
Housing Supply in 27615, NC
How many homes are available in 27615, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 207 | 188 | -9.2% |
Summary: The 27615 real estate market had 188 homes for sale in October 2024, a 9.2% decrease 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 | 27 | 26 | -3.7% |
| 3 Bedrooms | 58 | 57 | -1.7% |
| 4 Bedrooms | 83 | 68 | -18.1% |
| 5+ Bedrooms | 39 | 37 | -5.1% |
Summary: The 27615 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 3.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes decreased by 5.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 44 | -10.2% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27615, you may be able to get a good deal. 61.4% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 27615 in October 2024, down by 10.2% month-over-month. Of the 44 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% were sold over asking.
Days on Market for 27615, NC
How long does it take to sell a home in 27615, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 34 Days | -38.6% |
Summary: Homes in 27615 had an average of 34 days on market in Oct 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27615 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 44 homes were sold in 27615; 55% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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