$3,141 Closing Credit*
$264,500
1,519 SqFt
3 Beds
•2 Full Baths
#100475525, Listing Office: Moorefield Real Estate LLC
Is 27856, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 27856 has remained a Seller's Market.
Key Takeaway
27856 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27856, NC
How much do homes in 27856, NC cost?
Median Sold Price
$303,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,000(+16.5%)
Key Takeaway
Homes in 27856 have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in 27856 was $303,000 in October 2024, up 16.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239K | $212K | -11.3% |
| 3 Bedrooms | $261K | $306K | +17.2% |
| 4 Bedrooms | $258K | $370K | +43.4% |
| 5+ Bedrooms | $320K | $290K | -9.4% |
Summary: 27856 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 decreased by 11.3%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 43.4%, and 5+ bedroom homes decreased by 9.4%.
Housing Supply in 27856, NC
How many homes are available in 27856, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 83 | +5.1% |
Summary: The 27856 real estate market had 83 homes for sale in October 2024, a 5.1% increase 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 56 | 55 | -1.8% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 27856 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 16.7%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 22 | +57.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27856, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 27856 in October 2024, up by 57.1% month-over-month. Of the 22 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% were sold over asking.
Days on Market for 27856, NC
How long does it take to sell a home in 27856, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 67 Days | +17.9% |
Summary: Homes in 27856 had an average of 67 days on market in Oct 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27856 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 27856; 50% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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