$4,275 Closing Credit*
$360,000
1,173 SqFt
3 Beds
•2 Full Baths
Michlelle Anglade, Listing Office: Choice Residential Real Estate
Is 27703, 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, 27703 was a Seller's Market.
Key Takeaway
27703 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 27703, NC
How much do homes in 27703, NC cost?
Median Sold Price
$429,693
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,814(+4.8%)
Key Takeaway
Homes in 27703 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 27703 was $429,693 in October 2024, up 4.8% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $398.4K | $380.5K | -4.5% |
| 3 Bedrooms | $384.2K | $397.4K | +3.4% |
| 4 Bedrooms | $449.9K | $456.1K | +1.4% |
| 5+ Bedrooms | $532K | $516K | -3.0% |
Summary: 27703 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 27703, NC
How many homes are available in 27703, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 272 | 289 | +6.3% |
Summary: The 27703 real estate market had 289 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 34 | 39 | +14.7% |
| 3 Bedrooms | 133 | 142 | +6.8% |
| 4 Bedrooms | 78 | 79 | +1.3% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The 27703 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 48 | -25.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27703, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 27703 in October 2024, down by 25.0% month-over-month. Of the 48 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for 27703, NC
How long does it take to sell a home in 27703, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 46 Days | -32.1% |
Summary: Homes in 27703 had an average of 46 days on market in Oct 2024, down by 32.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27703 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 48 homes were sold in 27703; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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