$2,969 Closing Credit*
$250,000
1,303 SqFt
3 Beds
•1 Full Bath, 1 Partial
Yannick Lloyd, Shauntelle Gill, Listing Office: The Alston Real Estate Group
Is 27701, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 27701 was a Seller's Market.
Key Takeaway
27701 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 27701, NC
How much do homes in 27701, NC cost?
Median Sold Price
$477,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,750(+0.6%)
Key Takeaway
Homes in 27701 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 27701 was $477,000 in October 2024, up 0.6% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $368.5K | $435.6K | +18.2% |
| 2 Bedrooms | $435K | $419.7K | -3.5% |
| 3 Bedrooms | $460K | $455.5K | -1.0% |
| 4 Bedrooms | $785K | $575K | -26.8% |
| 5+ Bedrooms | $715K | $687.5K | -3.8% |
Summary: 27701 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 26.8%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 | 121 | +2.5% |
Summary: The 27701 real estate market had 121 homes for sale in October 2024, a 2.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 27 | 30 | +11.1% |
| 3 Bedrooms | 53 | 53 | 0.0% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 27701 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 increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27701, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 27701 in October 2024, down by 13.0% month-over-month. Of the 20 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 263 Days | 49 Days | -81.0% |
Summary: Homes in 27701 had an average of 49 days on market in Oct 2024, down by 81% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 20 homes were sold in 27701; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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