Is 28016, 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, 28016 has remained a Seller's Market.
Housing Prices in 28016, NC
How much do homes in 28016, NC cost?
Median Sold Price
$240,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28016 was $240,000 in March 2024, up 2.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112.4K | $59K | -47.5% |
2 Bedrooms | $155.4K | $168K | +8.1% |
3 Bedrooms | $240K | $246.5K | +2.7% |
4 Bedrooms | $264.5K | $374.9K | +41.7% |
5+ Bedrooms | $385K | $370K | -3.9% |
Summary: 28016 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in 28016, NC
How many homes are available in 28016, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 71 | +22.4% |
Summary: The 28016 real estate market had 71 homes for sale in March 2024, a 22.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 38 | 49 | +28.9% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 28016 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 12.5%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 28016 in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for 28016, NC
How long does it take to sell a home in 28016, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 29 Days | -36.3% |
Summary: Homes in 28016 had an average of 29 days on market in Mar 2024, down by 36.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 28016; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.