Is 27812, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27812 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 27812 was a Seller's Market.

Key Takeaway

27812 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27812, NC

How much do homes in 27812, NC cost?

Median Sold Price

$310,000

$102/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$136,750(+78.9%)

Key Takeaway

Homes in 27812 have sold for 78.9% more than they did a month ago.

Summary: The median home sold price in 27812 was $310,000 in November 2024, up 78.9% from last month, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $86.5K-
N/A
4 $260K$310K
+19.2%
5+ --
N/A

Summary: 27812 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27812
+78.9%
27871
-79.6%

Housing Supply in 27812, NC

How many homes are available in 27812, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
912+33.3%

Summary: The 27812 real estate market had 12 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 44
0.0%
4 22
0.0%
5+ 22
0.0%

Summary: The 27812 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was 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 27812, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 27812 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 27812, NC

How long does it take to sell a home in 27812, NC?

Average Sale Time

Oct 2024Nov 2024CHANGE
19 Days140 Days+636.8%

Summary: Homes in 27812 had an average of 140 days on market in Nov 2024, up by 636.8% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Most homes in 27812 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in 27812; 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.

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 27812, NC

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