$2,909 Closing Credit*
$245,000
1,793 SqFt
3 Beds
•3 Full Baths, 2 Partial
#100474350, Listing Office: Wild Olive Realty LLC
Is 27889, 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, 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
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+14.6%)
Key Takeaway
Homes in 27889 have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in 27889 was $275,000 in October 2024, up 14.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $119K | N/A |
| 2 Bedrooms | $145K | $177.4K | +22.4% |
| 3 Bedrooms | $239.9K | $265.7K | +10.8% |
| 4 Bedrooms | $275.9K | $356K | +29.0% |
| 5+ Bedrooms | $315K | $350K | +11.1% |
Summary: 27889 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 increased by 22.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 27889, NC
How many homes are available in 27889, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 103 | -1.9% |
Summary: The 27889 real estate market had 103 homes for sale in October 2024, a 1.9% 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 | 14 | 14 | 0.0% |
| 3 Bedrooms | 68 | 62 | -8.8% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 27889 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 remained the same, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 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. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 27889 in October 2024, down by 5.0% month-over-month. Of the 19 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +15.8% |
Summary: Homes in 27889 had an average of 28 days on market in Oct 2024, up by 15.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 27889 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 27889; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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