$3,028 Closing Credit*
$255,000
1,046 SqFt
3 Beds
•1 Full Bath
Listing Office: Divine Real Estate Boutique, LLC
Is 28027, 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, 28027 has remained a Seller's Market.
Key Takeaway
28027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28027, NC
How much do homes in 28027, NC cost?
Median Sold Price
$409,192
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,742(+3.7%)
Key Takeaway
Homes in 28027 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 28027 was $409,192 in October 2024, up 3.7% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $212.5K | +25.7% |
| 2 Bedrooms | $235K | $240K | +2.1% |
| 3 Bedrooms | $340K | $351K | +3.2% |
| 4 Bedrooms | $442K | $466K | +5.4% |
| 5+ Bedrooms | $547.5K | $601.1K | +9.8% |
Summary: 28027 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in 28027, NC
How many homes are available in 28027, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 320 | 309 | -3.4% |
Summary: The 28027 real estate market had 309 homes for sale in October 2024, a 3.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 148 | 127 | -14.2% |
| 4 Bedrooms | 92 | 101 | +9.8% |
| 5+ Bedrooms | 51 | 51 | 0.0% |
Summary: The 28027 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 60 | -15.5% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28027, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in 28027 in October 2024, down by 15.5% month-over-month. Of the 60 sold homes, 60% were sold under asking, 32% were sold at asking, and 8% were sold over asking.
Days on Market for 28027, NC
How long does it take to sell a home in 28027, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 47 Days | +93.2% |
Summary: Homes in 28027 had an average of 47 days on market in Oct 2024, up by 93.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28027 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 60 homes were sold in 28027; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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