Is 27863, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27863 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 27863 has remained a Seller's Market.

Key Takeaway

27863 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27863, NC

How much do homes in 27863, NC cost?

Median Sold Price

$294,990

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,995(+1.0%)

Key Takeaway

Homes in 27863 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 27863 was $294,990 in October 2024, up 1% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $126K-
N/A
2 $206K$163.5K
-20.6%
3 $280K$280K
0.0%
4 $323.5K$324.9K
0.5%
5+ -$365K
N/A

Summary: 27863 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 20.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27830
+11.4%
27534
+10.0%
27530
+4.6%
27863
+1.0%
27883
-1.8%

Housing Supply in 27863, NC

How many homes are available in 27863, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7282+13.9%

Summary: The 27863 real estate market had 82 homes for sale in October 2024, a 13.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 5665
+16.1%
4 1315
+15.4%
5+ 00
0.0%

Summary: The 27863 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 33.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1022+120.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27863, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 27863 in October 2024, up by 120.0% month-over-month. Of the 22 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% were sold over asking.

Days on Market for 27863, NC

How long does it take to sell a home in 27863, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days46 Days+29.2%

Summary: Homes in 27863 had an average of 46 days on market in Oct 2024, up by 29.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27863 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 22 homes were sold in 27863; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% 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 5 Days Ago

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