$3,325 Closing Credit*
$280,000
1,351 SqFt
4 Beds
•2 Full Baths
Deqing Wu, Listing Office: The Best Homes Inc.
Is 27701, 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, 27701 was a Seller's Market.
Key Takeaway
27701 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 27701, NC
How much do homes in 27701, NC cost?
Median Sold Price
$461,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$30,000(-6.1%)
Key Takeaway
Homes in 27701 have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in 27701 was $461,000 in November 2024, down 6.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $387K | $415K | +7.2% |
| 2 Bedrooms | $480K | $363K | -24.4% |
| 3 Bedrooms | $460K | $440K | -4.3% |
| 4 Bedrooms | $790K | $550K | -30.4% |
| 5+ Bedrooms | $715K | $687.5K | -3.8% |
Summary: 27701 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 24.4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in 27701, NC
How many homes are available in 27701, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 123 | 109 | -11.4% |
Summary: The 27701 real estate market had 109 homes for sale in November 2024, a 11.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 11 | -15.4% |
| 2 Bedrooms | 31 | 31 | 0.0% |
| 3 Bedrooms | 54 | 46 | -14.8% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The 27701 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 7 | -65.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27701, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 27701 in November 2024, down by 65.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 27701, NC
How long does it take to sell a home in 27701, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 123 Days | 37 Days | -70.0% |
Summary: Homes in 27701 had an average of 37 days on market in Nov 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27701 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 27701; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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