Is 28031, 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, 28031 has remained a Seller's Market.
Housing Prices in 28031, NC
How much do homes in 28031, NC cost?
Median Sold Price
$522,653
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28031 was $522,653 in March 2024, up 7.3% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $194.2K | $403K | +107.5% |
2 Bedrooms | $325K | $320K | -1.5% |
3 Bedrooms | $450K | $500K | +11.1% |
4 Bedrooms | $655K | $757.6K | +15.7% |
5+ Bedrooms | $1.2M | $1.5M | +21.6% |
Summary: 28031 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.5%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 21.6%.
Housing Supply in 28031, NC
How many homes are available in 28031, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
155 | 158 | +1.9% |
Summary: The 28031 real estate market had 158 homes for sale in March 2024, a 1.9% 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 | 35 | 32 | -8.6% |
3 Bedrooms | 59 | 57 | -3.4% |
4 Bedrooms | 39 | 48 | +23.1% |
5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The 28031 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 decreased by 8.6%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 42 | +16.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in 28031 in March 2024, up by 16.7% month-over-month. Of the 42 sold homes, 45% were sold under asking, 31% were sold at asking, and 24% were sold over asking.
Days on Market for 28031, NC
How long does it take to sell a home in 28031, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 61 Days | +101.0% |
Summary: Homes in 28031 had an average of 61 days on market in Mar 2024, up by 101% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in 28031; 69% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.