$4,096 Closing Credit*
$344,900
1,780 SqFt
3 Beds
•2 Full Baths
#100480929, Listing Office: EXP Realty
Is 27889, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 27889 has remained a Seller's Market.
Key Takeaway
27889 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27889, NC
How much do homes in 27889, NC cost?
Median Sold Price
$275,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,066(+12.7%)
Key Takeaway
Homes in 27889 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 27889 was $275,000 in November 2024, up 12.7% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $119K | N/A |
| 2 Bedrooms | $140K | $189.9K | +35.6% |
| 3 Bedrooms | $241K | $269.9K | +12.0% |
| 4 Bedrooms | $275.4K | $330K | +19.8% |
| 5+ Bedrooms | $325.6K | $350K | +7.5% |
Summary: 27889 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in 27889, NC
How many homes are available in 27889, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 109 | +3.8% |
Summary: The 27889 real estate market had 109 homes for sale in November 2024, a 3.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 64 | 61 | -4.7% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 27889 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 increased by 30.8%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27889, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 27889 in November 2024, up by 5.3% month-over-month. Of the 20 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for 27889, NC
How long does it take to sell a home in 27889, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 59 Days | +150.8% |
Summary: Homes in 27889 had an average of 59 days on market in Nov 2024, up by 150.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27889 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 27889; 55% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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