$4,750 Closing Credit*
$400,000
1,352 SqFt
2 Beds
•2 Full Baths, 1 Partial
Bobby Hill, Listing Office: RE/MAX United
Is 27617, 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, 27617 has remained a Seller's Market.
Key Takeaway
27617 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27617, NC
How much do homes in 27617, NC cost?
Median Sold Price
$452,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,333(+5.7%)
Key Takeaway
Homes in 27617 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 27617 was $452,000 in October 2024, up 5.7% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $232K | +0.9% |
| 2 Bedrooms | $321.3K | $345K | +7.4% |
| 3 Bedrooms | $429.9K | $450K | +4.7% |
| 4 Bedrooms | $489.9K | $528K | +7.8% |
| 5+ Bedrooms | $861K | $955K | +10.9% |
Summary: 27617 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in 27617, NC
How many homes are available in 27617, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 113 | -0.9% |
Summary: The 27617 real estate market had 113 homes for sale in October 2024, a 0.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 63 | 64 | +1.6% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 27617 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 19 | -26.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27617, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 27617 in October 2024, down by 26.9% month-over-month. Of the 19 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for 27617, NC
How long does it take to sell a home in 27617, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 23 Days | -66.2% |
Summary: Homes in 27617 had an average of 23 days on market in Oct 2024, down by 66.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27617 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 27617; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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