$6,163 Closing Credit*
$519,000
1,764 SqFt
3 Beds
•2 Full Baths
Cindy Martin, Listing Office: Allen Tate / Durham
Is 27705, 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, 27705 has remained a Seller's Market.
Key Takeaway
27705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27705, NC
How much do homes in 27705, NC cost?
Median Sold Price
$469,675
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,075(-1.9%)
Key Takeaway
Homes in 27705 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 27705 was $469,675 in November 2024, down 1.9% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190.8K | $184K | -3.6% |
| 2 Bedrooms | $299.9K | $280.7K | -6.4% |
| 3 Bedrooms | $432.5K | $445K | +2.9% |
| 4 Bedrooms | $760K | $650K | -14.5% |
| 5+ Bedrooms | $866.5K | $868K | 0.2% |
Summary: 27705 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in 27705, NC
How many homes are available in 27705, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 111 | 95 | -14.4% |
Summary: The 27705 real estate market had 95 homes for sale in November 2024, a 14.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 58 | 44 | -24.1% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 27705 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 24.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27705, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 27705 in November 2024, down by 17.9% month-over-month. Of the 23 sold homes, 43% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for 27705, NC
How long does it take to sell a home in 27705, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 17 Days | -71.6% |
Summary: Homes in 27705 had an average of 17 days on market in Nov 2024, down by 71.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27705 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 27705; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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