Is 27804, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27804 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 27804 was a Seller's Market.

Key Takeaway

27804 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 27804, NC

How much do homes in 27804, NC cost?

Median Sold Price

$234,800

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,800(+2.1%)

Key Takeaway

Homes in 27804 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 27804 was $234,800 in November 2024, up 2.1% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $82.5K$36.9K
-55.3%
2 $140K$150K
+7.1%
3 $210K$229K
+9.0%
4 $298.5K$305K
+2.2%
5+ $297.9K$382K
+28.2%

Summary: 27804 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 28.2%.

Median Sold Price Compared To Nearby Zip Codes

27856
+13.7%
27809
+9.8%
27804
+2.1%
27801
-0.6%
27803
-2.6%

Housing Supply in 27804, NC

How many homes are available in 27804, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
125126+0.8%

Summary: The 27804 real estate market had 126 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 58
+60.0%
3 7977
-2.5%
4 3534
-2.9%
5+ 66
0.0%

Summary: The 27804 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1621+31.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27804, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 27804 in November 2024, up by 31.3% month-over-month. Of the 21 sold homes, 43% were sold under asking, 24% were sold at asking, and 33% were sold over asking.

Days on Market for 27804, NC

How long does it take to sell a home in 27804, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days27 Days-48.1%

Summary: Homes in 27804 had an average of 27 days on market in Nov 2024, down by 48.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27804 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 21 homes were sold in 27804; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 27804, NC

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