$220,000
1.10 Acres
Land
#100480435, Listing Office: Moorefield Real Estate LLC
Is 27822, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 27822 was a Neutral Market.
Key Takeaway
27822 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27822, NC
How much do homes in 27822, NC cost?
Median Sold Price
$265,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.9%)
Key Takeaway
Homes in 27822 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 27822 was $265,000 in November 2024, up 1.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $56.5K | N/A |
| 2 Bedrooms | $170K | $155K | -8.8% |
| 3 Bedrooms | $260K | $267K | +2.7% |
| 4 Bedrooms | $511.5K | $455K | -11.0% |
| 5+ Bedrooms | $299.9K | - | N/A |
Summary: 27822 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes did not change.
Housing Supply in 27822, NC
How many homes are available in 27822, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The 27822 real estate market had 20 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27822 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 100%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27822, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 27822 in November 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 27822, NC
How long does it take to sell a home in 27822, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 82 Days | +50.9% |
Summary: Homes in 27822 had an average of 82 days on market in Nov 2024, up by 50.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27822 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 27822; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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