Is 27938, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27938 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 27938 has remained a Seller's Market.

Key Takeaway

27938 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27938, NC

How much do homes in 27938, NC cost?

Median Sold Price

$542,000

$154/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$277,000(+104.5%)

Key Takeaway

Homes in 27938 have sold for 104.5% more than they did a month ago.

Summary: The median home sold price in 27938 was $542,000 in December 2024, up 104.5% from last month, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $265K$542K
+104.5%
5+ --
N/A

Summary: 27938 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 104.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27938
+104.5%
27935
-45.6%

Housing Supply in 27938, NC

How many homes are available in 27938, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
52-60.0%

Summary: The 27938 real estate market had 2 homes for sale in December 2024, a 60.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 41
-75.0%
5+ 00
0.0%

Summary: The 27938 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27938, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 27938 in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 27938, NC

How long does it take to sell a home in 27938, NC?

Average Sale Time

Nov 2024Dec 2024CHANGE
52 Days6 Days-88.5%

Summary: Homes in 27938 had an average of 6 days on market in Dec 2024, down by 88.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27938 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 27938; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

Newest Listings in 27938, NC

Nearby Markets to 27938, NC