Is 27892, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27892 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 27892 has remained a Seller's Market.

Key Takeaway

27892 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27892, NC

How much do homes in 27892, NC cost?

Median Sold Price

$149,900

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,650(+3.2%)

Key Takeaway

Homes in 27892 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 27892 was $149,900 in October 2024, up 3.2% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $105K$131.5K
+25.2%
3 $174K$151K
-13.2%
4 $175K$172.5K
-1.4%
5+ $87K$39.9K
-54.1%

Summary: 27892 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 25.2%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 54.1%.

Median Sold Price Compared To Nearby Zip Codes

27983
+61.4%
27892
+3.2%

Housing Supply in 27892, NC

How many homes are available in 27892, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3740+8.1%

Summary: The 27892 real estate market had 40 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 2525
0.0%
4 44
0.0%
5+ 24
+100.0%

Summary: The 27892 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 increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27892, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 27892 in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for 27892, NC

How long does it take to sell a home in 27892, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
86 Days111 Days+28.7%

Summary: Homes in 27892 had an average of 111 days on market in Oct 2024, up by 28.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 27892 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 7 homes were sold in 27892; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% 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 27892, NC

Nearby Markets to 27892, NC