27603 Housing Market Report February 2025•Wake County, North Carolina

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Housing Prices in 27603, NC

How much do homes in 27603, NC cost?

Housing Market Conditions

Is 27603, 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

27603 is a Seller's Market

Difference Since February 2024

Since last year, 27603 has remained a Seller's Market.

Insight

27603 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.
$430,051$222/SqFt
+$10,735
+2.6%

Based on all homes sold in the last 12 months

Insight

Homes in 27603 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 27603 was $430,051 in February 2025, up 2.6% from last year, and the median price per square foot was $222.

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
27603
+2.6%
27605
-1.8%
27606
-2.9%
27529
-3.5%
27601
-5.3%

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.
BedsFeb 2024Feb 2025Change YoY
1$397.5K$375K
-5.7%
2$325K$345K
+6.2%
3$391.3K$406.1K
+3.8%
4$560K$557.5K
-0.4%
5$590K$642K
+8.8%

Summary: 27603 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -5.7%. The home price for 2 bedroom homes increased by +6.2%. The home price for 3 bedroom homes increased by +3.8%. The home price for 4 bedroom homes decreased by -0.4%. The home price for 5 bedroom homes increased by +8.8%.

Housing supply in 27603, NC

How many homes are available in 27603, 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
197Last MonthFeb 2025
1922 months agoJan 2025
+2.6 %
Change MoMJan – Feb

Summary: The 27603 real estate market had 197 homes for sale in Feb 2025, a 2.6 % increase compared to Jan 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
37Last MonthFeb 2025
362 months agoJan 2025
+2.8 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
177
0.0%
23444
+29.4%
310196
-5.0%
44243
+2.4%
587
-12.5%

Summary: 27603 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +29.4%. The inventory for 3 bedroom homes decreased by -5.0%. The inventory for 4 bedroom homes increased by +2.4%. The inventory for 5 bedroom homes decreased by -12.5%.

Asking Price vs. Sold Price

How much do homes in 27603, 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 Price3 Homes

At Asking Price5 Homes

Under Asking Price29 Homes

Insight

If you're buying a home in 27603, you may be able to get a good deal. 78.4% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in 27603 in February 2025, up by 2.8% month-over-month. Of the 37 sold homes, 78% were sold under asking, 14% were sold at asking, and and 8% were sold over asking.

Days on Market for 27603, NC

How long does it take to sell a home in 27603, NC?

Breakdown of Home Sale Times

Under 30 Days20 Homes

30 – 90 Days9 Homes

Over 90 Days8 Homes

Insight

Many homes in 27603 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 37 homes were sold in 27603; 54% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 22% 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
52 DaysThis YearFeb 2025
83 Days1 year agoFeb 2024
-36.5 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 27603 had an average listing age of 52 days in Feb 2025, down by 36.5% compared to the previous year.

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Newest Listings in 27603, NC

What homes are available in 27603, NC?

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Nearby markets

Popular Cities with Homes for Sale in North Carolina

MLS Disclaimers and Copyright

Based on information from Doorify MLS, Triad MLS Inc, and Hive MLS for the period 03/01/2023 - 03/01/2025

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: 3/9/2025, 4:20:57 PM 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: 3/9/2025, 4:20:47 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: 3/9/2025, 4:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.