$85,000
Land
Listing Office: Northstar Real Estate, LLC
Is 27704, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$344,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,738(+5.4%)
Key Takeaway
Homes in 27704 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 27704 was $344,000 in November 2024, up 5.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $207K | +47.9% |
| 2 Bedrooms | $275K | $296.9K | +8.0% |
| 3 Bedrooms | $325K | $340.8K | +4.9% |
| 4 Bedrooms | $389.9K | $397K | +1.8% |
| 5+ Bedrooms | $430K | $410K | -4.7% |
Summary: 27704 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.9%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 27704, NC
How many homes are available in 27704, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 144 | 125 | -13.2% |
Summary: The 27704 real estate market had 125 homes for sale in November 2024, a 13.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 94 | 78 | -17.0% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 27704 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 26 | -35.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27704, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 27704 in November 2024, down by 35.0% month-over-month. Of the 26 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 29 Days | -51.2% |
Summary: Homes in 27704 had an average of 29 days on market in Nov 2024, down by 51.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 26 homes were sold in 27704; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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