$9,726 Closing Credit*
$819,000
2,763 SqFt
3 Beds
•3 Full Baths, 1 Partial
Julian Jahoo, Listing Office: LPT Realty, LLC
Is 27707, 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, 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
$442,500
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,515(+10.6%)
Key Takeaway
Homes in 27707 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 27707 was $442,500 in November 2024, up 10.6% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254K | $249.5K | -1.8% |
| 2 Bedrooms | $282K | $300K | +6.4% |
| 3 Bedrooms | $378K | $396.2K | +4.8% |
| 4 Bedrooms | $550K | $717.5K | +30.5% |
| 5+ Bedrooms | $780K | $860K | +10.3% |
Summary: 27707 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 30.5%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in 27707, NC
How many homes are available in 27707, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 148 | 150 | +1.4% |
Summary: The 27707 real estate market had 150 homes for sale in November 2024, a 1.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 67 | 73 | +9.0% |
| 4 Bedrooms | 40 | 35 | -12.5% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The 27707 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 33 | +32.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27707, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 27707 in November 2024, up by 32.0% month-over-month. Of the 33 sold homes, 64% were sold under asking, 21% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 133 Days | 39 Days | -70.1% |
Summary: Homes in 27707 had an average of 39 days on market in Nov 2024, down by 70.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 33 homes were sold in 27707; 52% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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