$1,532 Closing Credit*
$129,000
1,283 SqFt
2 Beds
•2 Full Baths
#100474893, Listing Office: United Real Estate East Carolina
Is 27886, 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, 27886 has remained a Seller's Market.
Key Takeaway
27886 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27886, NC
How much do homes in 27886, NC cost?
Median Sold Price
$198,900
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,095(-7.5%)
Key Takeaway
Homes in 27886 have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in 27886 was $198,900 in October 2024, down 7.5% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | - | N/A |
| 2 Bedrooms | $124.2K | $74.9K | -39.7% |
| 3 Bedrooms | $169.9K | $185K | +8.9% |
| 4 Bedrooms | $260.9K | $247K | -5.4% |
| 5+ Bedrooms | $345.2K | $295K | -14.6% |
Summary: 27886 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 39.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Zip Codes
| 27864 | $168.3K | $165K | -2.0% |
| 27886 | $214.9K | $198.9K | -7.5% |
Housing Supply in 27886, NC
How many homes are available in 27886, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 54 | -5.3% |
Summary: The 27886 real estate market had 54 homes for sale in October 2024, a 5.3% decrease 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 | 9 | 7 | -22.2% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 27886 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 22.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 27886, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 27886 in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for 27886, NC
How long does it take to sell a home in 27886, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 73 Days | +77.5% |
Summary: Homes in 27886 had an average of 73 days on market in Oct 2024, up by 77.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27886 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 27886; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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