$80,000
1.35 Acres
Land
#100474269, Listing Office: Whitley Realty Team LLC
Is 27837, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 27837 was a Seller's Market.
Key Takeaway
27837 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 27837, NC
How much do homes in 27837, NC cost?
Median Sold Price
$321,250
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,750(+13.7%)
Key Takeaway
Homes in 27837 have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in 27837 was $321,250 in October 2024, up 13.7% 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 | $157.4K | $192K | +21.9% |
| 3 Bedrooms | $266K | $280K | +5.3% |
| 4 Bedrooms | $515.7K | $539K | +4.5% |
| 5+ Bedrooms | $409.9K | - | N/A |
Summary: 27837 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 21.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes did not change.
Housing Supply in 27837, NC
How many homes are available in 27837, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The 27837 real estate market had 28 homes for sale in October 2024, a 9.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 22 | 16 | -27.3% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 27837 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 remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27837, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 27837 in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 27837, NC
How long does it take to sell a home in 27837, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 21 Days | +59.1% |
Summary: Homes in 27837 had an average of 21 days on market in Oct 2024, up by 59.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27837 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 27837; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
