$3,443 Closing Credit*
$289,900
1,274 SqFt
3 Beds
•1 Full Bath
April Williams, Listing Office: Inhabit Real Estate
Is 27707, 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, 27707 has remained a Seller's Market.
Key Takeaway
27707 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27707, NC
How much do homes in 27707, NC cost?
Median Sold Price
$445,556
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,571(+11.4%)
Key Takeaway
Homes in 27707 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 27707 was $445,556 in October 2024, up 11.4% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231.5K | $262.2K | +13.3% |
| 2 Bedrooms | $275K | $298.7K | +8.6% |
| 3 Bedrooms | $380K | $398.5K | +4.9% |
| 4 Bedrooms | $575K | $700K | +21.7% |
| 5+ Bedrooms | $780K | $889K | +14.0% |
Summary: 27707 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 14%.
Housing Supply in 27707, NC
How many homes are available in 27707, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 | 147 | +5.0% |
Summary: The 27707 real estate market had 147 homes for sale in October 2024, a 5.0% 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 | 20 | 20 | 0.0% |
| 3 Bedrooms | 61 | 71 | +16.4% |
| 4 Bedrooms | 45 | 37 | -17.8% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The 27707 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 remained the same, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27707, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 27707 in October 2024, down by 13.8% month-over-month. Of the 25 sold homes, 52% were sold under asking, 16% were sold at asking, and 32% were sold over asking.
Days on Market for 27707, NC
How long does it take to sell a home in 27707, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 16 Days | -75.3% |
Summary: Homes in 27707 had an average of 16 days on market in Oct 2024, down by 75.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27707 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 27707; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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