Is 27944, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27944 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 27944 was a Neutral Market.

Key Takeaway

27944 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27944, NC

How much do homes in 27944, NC cost?

Median Sold Price

$335,500

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$60,500(+22.0%)

Key Takeaway

Homes in 27944 have sold for 22% more than they did a year ago.

Summary: The median home sold price in 27944 was $335,500 in November 2024, up 22% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $37K$95K
+156.8%
2 $161.5K$189K
+17.0%
3 $307.5K$350K
+13.8%
4 $262.5K$470K
+79.0%
5+ $55K$589.5K
+971.8%

Summary: 27944 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 156.8%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 79%, and 5+ bedroom homes increased by 971.8%.

Median Sold Price Compared To Nearby Zip Codes

27944
+22.0%
27909
+7.4%
27932
+7.3%

Housing Supply in 27944, NC

How many homes are available in 27944, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
106105-0.9%

Summary: The 27944 real estate market had 105 homes for sale in November 2024, a 0.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 99
0.0%
3 7069
-1.4%
4 2221
-4.5%
5+ 45
+25.0%

Summary: The 27944 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 remained the same, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
177-58.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27944, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 27944 in November 2024, down by 58.8% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 27944, NC

How long does it take to sell a home in 27944, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days66 Days+71.1%

Summary: Homes in 27944 had an average of 66 days on market in Nov 2024, up by 71.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27944 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 27944; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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 27944, NC

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