Is 27808, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27808 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 27808 was a Seller's Market.

Key Takeaway

27808 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 27808, NC

How much do homes in 27808, NC cost?

Median Sold Price

$409,500

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,500(+5.8%)

Key Takeaway

Homes in 27808 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 27808 was $409,500 in October 2024, up 5.8% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$115K
N/A
2 $227K$260K
+14.5%
3 $432K$423K
-2.1%
4 $270K$650K
+140.7%
5+ $950K-
N/A

Summary: 27808 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 increased by 14.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 140.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27889
+14.6%
27808
+5.8%
27810
-2.4%

Housing Supply in 27808, NC

How many homes are available in 27808, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
18180.0%

Summary: The 27808 real estate market had 18 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1212
0.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The 27808 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27808, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 27808 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 27808, NC

How long does it take to sell a home in 27808, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days99 Days+126.7%

Summary: Homes in 27808 had an average of 99 days on market in Oct 2024, up by 126.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 27808 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 27808; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 27808, NC

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