Is 27874, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27874 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 27874 has remained a Seller's Market.

Key Takeaway

27874 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27874, NC

How much do homes in 27874, NC cost?

Median Sold Price

$195,000

$99/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$29,500(-13.1%)

Key Takeaway

Homes in 27874 have sold for 13.1% less than they did a month ago.

Summary: The median home sold price in 27874 was $195,000 in November 2024, down 13.1% from last month, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $224.5K$122.5K
-45.4%
4 -$255K
N/A
5+ --
N/A

Summary: 27874 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 45.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27869
+152.3%
27874
-13.1%

Housing Supply in 27874, NC

How many homes are available in 27874, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1512-20.0%

Summary: The 27874 real estate market had 12 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 128
-33.3%
4 22
0.0%
5+ 01
+100.0%

Summary: The 27874 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 decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27874, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 27874 in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.

Days on Market for 27874, NC

How long does it take to sell a home in 27874, NC?

Average Sale Time

Oct 2024Nov 2024CHANGE
67 Days44 Days-34.4%

Summary: Homes in 27874 had an average of 44 days on market in Nov 2024, down by 34.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 27874 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 27874; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in 27874, NC

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