$5,461 Closing Credit*
$459,900
2,390 SqFt
3 Beds
•3 Full Baths, 1 Partial
Gerald Mack, Listing Office: Gerald Mack Realty
Is 27703, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 27703 has remained a Seller's Market.
Key Takeaway
27703 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27703, NC
How much do homes in 27703, NC cost?
Median Sold Price
$429,042
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$19,181(+4.7%)
Key Takeaway
Homes in 27703 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 27703 was $429,042 in December 2024, up 4.7% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $397.8K | $369.9K | -7.0% |
| 3 Bedrooms | $384K | $395K | +2.9% |
| 4 Bedrooms | $460K | $455K | -1.1% |
| 5+ Bedrooms | $535K | $559.4K | +4.6% |
Summary: 27703 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in 27703, NC
How many homes are available in 27703, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 289 | 246 | -14.9% |
Summary: The 27703 real estate market had 246 homes for sale in December 2024, a 14.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 41 | 36 | -12.2% |
| 3 Bedrooms | 141 | 125 | -11.3% |
| 4 Bedrooms | 75 | 61 | -18.7% |
| 5+ Bedrooms | 31 | 23 | -25.8% |
Summary: The 27703 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.2%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes decreased by 25.8%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 76 | 66 | -13.2% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27703, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in 27703 in December 2024, down by 13.2% month-over-month. Of the 66 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 70 Days | 37 Days | -46.4% |
Summary: Homes in 27703 had an average of 37 days on market in Dec 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
8 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 December 2024, 66 homes were sold in 27703; 55% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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