$4,192 Closing Credit*
$353,000
1,597 SqFt
2 Beds
•3 Full Baths, 1 Partial
Thomas Ladane Shoupe, Keba Brown, Listing Office: Opendoor Brokerage LLC
Is 27617, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 27617 was a Neutral 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 November 2023
+$22,016(+5.1%)
Key Takeaway
Homes in 27617 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 27617 was $452,000 in November 2024, up 5.1% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $232K | +0.9% |
| 2 Bedrooms | $322K | $342.5K | +6.4% |
| 3 Bedrooms | $431.7K | $450K | +4.2% |
| 4 Bedrooms | $494.3K | $532K | +7.6% |
| 5+ Bedrooms | $849K | $975K | +14.8% |
Summary: 27617 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 14.8%.
Housing Supply in 27617, NC
How many homes are available in 27617, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 105 | -7.9% |
Summary: The 27617 real estate market had 105 homes for sale in November 2024, a 7.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 68 | 59 | -13.2% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The 27617 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27617, you may be able to get a good deal. 63% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 27617 in November 2024, up by 35.0% month-over-month. Of the 27 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 26 Days | -54.7% |
Summary: Homes in 27617 had an average of 26 days on market in Nov 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27617 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 27617; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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