$750,000
3.01 Acres
Land
Jim Allen, Listing Office: Coldwell Banker HPW
Is 27615, 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, 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
$519,583
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,250(+8.6%)
Key Takeaway
Homes in 27615 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 27615 was $519,583 in November 2024, up 8.6% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214K | $207.5K | -3.0% |
| 2 Bedrooms | $275K | $287K | +4.4% |
| 3 Bedrooms | $424K | $444.1K | +4.7% |
| 4 Bedrooms | $650K | $615K | -5.4% |
| 5+ Bedrooms | $872.5K | $1.1M | +26.1% |
Summary: 27615 housing prices by bedroom type for November 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 4.7%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 26.1%.
Housing Supply in 27615, NC
How many homes are available in 27615, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 188 | 168 | -10.6% |
Summary: The 27615 real estate market had 168 homes for sale in November 2024, a 10.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 26 | 23 | -11.5% |
| 3 Bedrooms | 57 | 53 | -7.0% |
| 4 Bedrooms | 69 | 58 | -15.9% |
| 5+ Bedrooms | 36 | 33 | -8.3% |
Summary: The 27615 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 39 | -18.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27615, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 27615 in November 2024, down by 18.8% month-over-month. Of the 39 sold homes, 56% were sold under asking, 38% were sold at asking, and 5% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 35 Days | -37.4% |
Summary: Homes in 27615 had an average of 35 days on market in Nov 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
10 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 November 2024, 39 homes were sold in 27615; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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