Is 28040, 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, 28040 has remained a Seller's Market.
Key Takeaway
28040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28040, NC
How much do homes in 28040, NC cost?
Median Sold Price
$189,500
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28040 have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in 28040 was $189,500 in April 2024, down 3.7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $52.5K | -70.8% |
| 2 Bedrooms | $156.5K | $167K | +6.7% |
| 3 Bedrooms | $200K | $250K | +25.0% |
| 4 Bedrooms | $219.9K | $553K | +151.4% |
| 5+ Bedrooms | $590K | $309K | -47.6% |
Summary: 28040 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 151.4%, and 5+ bedroom homes decreased by 47.6%.
Housing Supply in 28040, NC
How many homes are available in 28040, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The 28040 real estate market had 22 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 28040 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28040, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 28040 in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 28040, NC
How long does it take to sell a home in 28040, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 44 Days | +92.4% |
Summary: Homes in 28040 had an average of 44 days on market in Apr 2024, up by 92.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28040 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 28040; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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