Is 27028, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 27028 has remained a Seller's Market.
Key Takeaway
27028 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27028, NC
How much do homes in 27028, NC cost?
Median Sold Price
$257,450
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 27028 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 27028 was $257,450 in March 2024, up 0.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $178K | $166K | -6.7% |
| 3 Bedrooms | $248K | $260.4K | +5.0% |
| 4 Bedrooms | $299.5K | $325.7K | +8.7% |
| 5+ Bedrooms | $273K | $450K | +64.8% |
Summary: 27028 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 64.8%.
Housing Supply in 27028, NC
How many homes are available in 27028, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 85 | +6.3% |
Summary: The 27028 real estate market had 85 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 44 | 50 | +13.6% |
| 4 Bedrooms | 23 | 20 | -13.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 27028 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27028, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 27028 in March 2024, up by 66.7% month-over-month. Of the 25 sold homes, 64% were sold under asking, 12% were sold at asking, and 24% were sold over asking.
Days on Market for 27028, NC
How long does it take to sell a home in 27028, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 24 Days | -27.1% |
Summary: Homes in 27028 had an average of 24 days on market in Mar 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27028 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 27028; 80% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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