Is 28027, 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, 28027 has remained a Seller's Market.
Key Takeaway
28027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28027, NC
How much do homes in 28027, NC cost?
Median Sold Price
$407,641
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28027 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 28027 was $407,641 in March 2024, up 5.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $171.4K | +8.2% |
| 2 Bedrooms | $208K | $252.5K | +21.4% |
| 3 Bedrooms | $340K | $349.6K | +2.8% |
| 4 Bedrooms | $450K | $459.5K | +2.1% |
| 5+ Bedrooms | $550K | $589K | +7.1% |
Summary: 28027 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 28027, NC
How many homes are available in 28027, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 192 | 221 | +15.1% |
Summary: The 28027 real estate market had 221 homes for sale in March 2024, a 15.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 18 | 24 | +33.3% |
| 3 Bedrooms | 97 | 102 | +5.2% |
| 4 Bedrooms | 49 | 61 | +24.5% |
| 5+ Bedrooms | 26 | 30 | +15.4% |
Summary: The 28027 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 57 | +21.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28027, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in 28027 in March 2024, up by 21.3% month-over-month. Of the 57 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for 28027, NC
How long does it take to sell a home in 28027, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 27 Days | -31.8% |
Summary: Homes in 28027 had an average of 27 days on market in Mar 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28027 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 57 homes were sold in 28027; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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Copyright © 2024 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.