Is 28001, 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, 28001 has remained a Seller's Market.
Housing Prices in 28001, NC
How much do homes in 28001, NC cost?
Median Sold Price
$249,883
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28001 was $249,883 in March 2024, up 4.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $99.5K | +17.1% |
2 Bedrooms | $160K | $169K | +5.6% |
3 Bedrooms | $250K | $255K | +2.0% |
4 Bedrooms | $308.9K | $324.6K | +5.1% |
5+ Bedrooms | $315K | $356.2K | +13.1% |
Summary: 28001 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 13.1%.
Housing Supply in 28001, NC
How many homes are available in 28001, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
147 | 160 | +8.8% |
Summary: The 28001 real estate market had 160 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 26 | +4.0% |
3 Bedrooms | 93 | 105 | +12.9% |
4 Bedrooms | 21 | 21 | 0.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 28001 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 4%, 3 bedroom homes increased by 12.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 28001 in March 2024, up by 40.0% month-over-month. Of the 35 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.
Days on Market for 28001, NC
How long does it take to sell a home in 28001, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 53 Days | +18.2% |
Summary: Homes in 28001 had an average of 53 days on market in Mar 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in 28001; 49% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.