$2,571 Closing Credit*
$216,500
768 SqFt
2 Beds
•1 Full Bath
Jay A Jackson, Listing Office: Coldwell Banker HPW
Is 27704, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 27704 has remained a Seller's Market.
Key Takeaway
27704 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27704, NC
How much do homes in 27704, NC cost?
Median Sold Price
$343,002
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,252(+5.3%)
Key Takeaway
Homes in 27704 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 27704 was $343,002 in October 2024, up 5.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $207K | +47.9% |
| 2 Bedrooms | $275K | $295.9K | +7.6% |
| 3 Bedrooms | $325K | $340.4K | +4.7% |
| 4 Bedrooms | $382.5K | $397K | +3.8% |
| 5+ Bedrooms | $422.5K | $410K | -3.0% |
Summary: 27704 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.9%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 27704, NC
How many homes are available in 27704, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 145 | 156 | +7.6% |
Summary: The 27704 real estate market had 156 homes for sale in October 2024, a 7.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 22 | 27 | +22.7% |
| 3 Bedrooms | 95 | 102 | +7.4% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 27704 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 22.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27704, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 27704 in October 2024, up by 19.4% month-over-month. Of the 37 sold homes, 49% were sold under asking, 30% were sold at asking, and 22% were sold over asking.
Days on Market for 27704, NC
How long does it take to sell a home in 27704, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 24 Days | -58.2% |
Summary: Homes in 27704 had an average of 24 days on market in Oct 2024, down by 58.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27704 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 27704; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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