$39,500
1.00 Acres
Land
Brett Wilson Marlowe, Listing Office: Pinnacle Group Realty
Is 27850, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 27850 has remained a Neutral Market.
Key Takeaway
27850 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 27850, NC
How much do homes in 27850, NC cost?
Median Sold Price
$370,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$292,000(-44.1%)
Key Takeaway
Homes in 27850 have sold for 44.1% less than they did a year ago.
Summary: The median home sold price in 27850 was $370,000 in November 2024, down 44.1% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $106.9K | $270K | +152.4% |
| 3 Bedrooms | $516.2K | $404K | -21.7% |
| 4 Bedrooms | $1.0M | $285K | -73.5% |
| 5+ Bedrooms | $1.7M | - | N/A |
Summary: 27850 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 increased by 152.4%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 73.5%, and 5+ bedroom homes did not change.
Housing Supply in 27850, NC
How many homes are available in 27850, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The 27850 real estate market had 14 homes for sale in November 2024, a 7.7% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 27850 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27850, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 27850 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 27850, NC
How long does it take to sell a home in 27850, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 170 Days | +241.0% |
Summary: Homes in 27850 had an average of 170 days on market in Nov 2024, up by 241% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27850 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 27850; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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