Is 27909, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27909 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 27909 was a Buyer's Market.

Key Takeaway

27909 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 27909, NC

How much do homes in 27909, NC cost?

Median Sold Price

$304,920

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,920(+7.4%)

Key Takeaway

Homes in 27909 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 27909 was $304,920 in November 2024, up 7.4% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$111.5K
-32.4%
2 $159K$173K
+8.8%
3 $265K$290.5K
+9.6%
4 $355K$365K
+2.8%
5+ $378K$415K
+9.8%

Summary: 27909 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.4%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

27944
+22.0%
27909
+7.4%
27921
+2.8%

Housing Supply in 27909, NC

How many homes are available in 27909, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
322334+3.7%

Summary: The 27909 real estate market had 334 homes for sale in November 2024, a 3.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1820
+11.1%
3 201207
+3.0%
4 8187
+7.4%
5+ 2119
-9.5%

Summary: The 27909 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 11.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7055-21.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27909, you may be able to get a good deal. 55.3% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in 27909 in November 2024, down by 21.4% month-over-month. Of the 38 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.

Days on Market for 27909, NC

How long does it take to sell a home in 27909, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
50 Days50 Days0.3%

Summary: Homes in 27909 had an average of 50 days on market in Nov 2024, up by 0.3% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27909 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 55 homes were sold in 27909; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% 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 17 Days Ago

Newest Listings in 27909, NC

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