Is 28023, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 28023 has remained a Seller's Market.
Key Takeaway
28023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28023, NC
How much do homes in 28023, NC cost?
Median Sold Price
$290,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28023 have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in 28023 was $290,000 in April 2024, down 2.2% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $157.5K | +28.6% |
| 2 Bedrooms | $195K | $227.5K | +16.7% |
| 3 Bedrooms | $289.4K | $290K | 0.2% |
| 4 Bedrooms | $351.7K | $325K | -7.6% |
| 5+ Bedrooms | $369K | $667.5K | +80.9% |
Summary: 28023 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 80.9%.
Housing Supply in 28023, NC
How many homes are available in 28023, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 64 | +4.9% |
Summary: The 28023 real estate market had 64 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 40 | 37 | -7.5% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The 28023 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28023, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 28023 in April 2024, down by 16.7% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for 28023, NC
How long does it take to sell a home in 28023, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 65 Days | +114.5% |
Summary: Homes in 28023 had an average of 65 days on market in Apr 2024, up by 114.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28023 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 28023; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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