$3,859 Closing Credit*
$325,000
1,550 SqFt
3 Beds
•2 Full Baths
Jim Allen, Listing Office: Coldwell Banker HPW
Is 27807, 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, 27807 has remained a Buyer's Market.
Key Takeaway
27807 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 27807, NC
How much do homes in 27807, NC cost?
Median Sold Price
$322,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+2.4%)
Key Takeaway
Homes in 27807 have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in 27807 was $322,000 in October 2024, up 2.4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $196.2K | -4.3% |
| 3 Bedrooms | $300K | $315.9K | +5.3% |
| 4 Bedrooms | $360.6K | $362.9K | +0.6% |
| 5+ Bedrooms | $374.8K | $350K | -6.6% |
Summary: 27807 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in 27807, NC
How many homes are available in 27807, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The 27807 real estate market had 19 homes for sale in October 2024, a 24.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 19 | 13 | -31.6% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27807 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 decreased by 100%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 1 | -87.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27807, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 27807 in October 2024, down by 87.5% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 27807, NC
How long does it take to sell a home in 27807, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 98 Days | +73.1% |
Summary: Homes in 27807 had an average of 98 days on market in Oct 2024, up by 73.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 27807 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in 27807; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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