Is 27858, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27858 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 27858 has remained a Seller's Market.

Key Takeaway

27858 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27858, NC

How much do homes in 27858, NC cost?

Median Sold Price

$290,053

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,273(+2.2%)

Key Takeaway

Homes in 27858 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 27858 was $290,053 in October 2024, up 2.2% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $122K$140.7K
+15.4%
2 $165K$173.5K
+5.2%
3 $269.1K$280K
+4.0%
4 $378K$396.5K
+4.9%
5+ $445K$402.5K
-9.6%

Summary: 27858 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Zip Codes

27837
+13.7%
28590
+6.2%
27834
+4.6%
27858
+2.2%

Housing Supply in 27858, NC

How many homes are available in 27858, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
163170+4.3%

Summary: The 27858 real estate market had 170 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1922
+15.8%
3 8799
+13.8%
4 4335
-18.6%
5+ 1312
-7.7%

Summary: The 27858 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3654+50.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27858, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in 27858 in October 2024, up by 50.0% month-over-month. Of the 54 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% were sold over asking.

Days on Market for 27858, NC

How long does it take to sell a home in 27858, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days37 Days+14.7%

Summary: Homes in 27858 had an average of 37 days on market in Oct 2024, up by 14.7% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27858 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 54 homes were sold in 27858; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 11% 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 4 Days Ago

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