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27516 Housing Market Report July 2025•Orange County, North Carolina

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Housing Prices in 27516, NC

How much do homes in 27516, NC cost?

Housing Market Conditions

Is 27516, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

27516 is a Seller's Market

Difference Since July 2024

Since last year, 27516 has remained a Seller's Market.

Insight

27516 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$625,000$287/SqFt
-$25,000
-3.8%

Based on all homes sold in the last 12 months

Insight

Homes in 27516 have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in 27516 was $625,000 in July 2025, down 3.8% from last year, and the median price per square foot was $287.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
27514
+17.1%
27517
+3.8%
27516
-3.8%
27510
-12.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJul 2024Jul 2025Change YoY
1$355K$337.5K
-4.9%
2$413K$390K
-5.6%
3$535.5K$550K
+2.7%
4$760K$785K
+3.3%
5$921.5K$1.0M
+12.4%

Summary: 27516 housing price by bedroom type for July 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -4.9%. The home price for 2 bedroom homes decreased by -5.6%. The home price for 3 bedroom homes increased by +2.7%. The home price for 4 bedroom homes increased by +3.3%. The home price for 5 bedroom homes increased by +12.4%.

How does 27516, NC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

27516, NC

Housing supply in 27516, NC

How many homes are available in 27516, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
234Last MonthJul 2025
2482 months agoJun 2025
-5.6 %
Change MoMJun – Jul

Summary: The 27516 real estate market had 234 homes for sale in Jul 2025, a 5.6 % decrease compared to Jun 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
51Last MonthJul 2025
492 months agoJun 2025
+4.1 %
Change MoMJun – Jul

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJun 2025Jul 2025Change MoM
111
0.0%
22634
+30.8%
38981
-9.0%
48876
-13.6%
54442
-4.5%

Summary: 27516 housing inventory by bedroom type for July 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +30.8%. The inventory for 3 bedroom homes decreased by -9.0%. The inventory for 4 bedroom homes decreased by -13.6%. The inventory for 5 bedroom homes decreased by -4.5%.

Asking Price vs. Sold Price

How much do homes in 27516, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price12 Homes

At Asking Price10 Homes

Under Asking Price29 Homes

Insight

If you're buying a home in 27516, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in 27516 in July 2025, up by 4.1% month-over-month. Of the 51 sold homes, 57% were sold under asking, 20% were sold at asking, and and 24% were sold over asking.

Days on Market for 27516, NC

How long does it take to sell a home in 27516, NC?

Breakdown of Home Sale Times

Under 30 Days30 Homes

30 – 90 Days18 Homes

Over 90 Days3 Homes

Insight

Many homes in 27516 are selling fast, if you're buying plan to act quickly.

Summary: During July 2025, 51 homes were sold in 27516; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
30 DaysThis YearJul 2025
18 Days1 year agoJul 2024
+58.9 %
Change YoYJul 2024 – Jul 2025

Summary: Homes in 27516 had an average listing age of 30 days in Jul 2025, up by 58.9% compared to the previous year.

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Newest Listings in 27516, NC

What homes are available in 27516, NC?

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MLS Disclaimers and Copyright

Based on information from Doorify MLS, Hive MLS, and Triad MLS Inc for the period 08/01/2023 - 08/01/2025

IDX Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 5:10:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright 2025 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/2/2025, 9:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright © 2025 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/2/2025, 9:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.