Is 28054, 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, 28054 has remained a Seller's Market.
Key Takeaway
28054 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28054, NC
How much do homes in 28054, NC cost?
Median Sold Price
$274,566
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28054 have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in 28054 was $274,566 in March 2024, down 5.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $136.2K | -2.7% |
| 2 Bedrooms | $186.7K | $194.5K | +4.1% |
| 3 Bedrooms | $289.9K | $277.2K | -4.4% |
| 4 Bedrooms | $394K | $347.5K | -11.8% |
| 5+ Bedrooms | $439.9K | $529.9K | +20.5% |
Summary: 28054 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in 28054, NC
How many homes are available in 28054, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 127 | 146 | +15.0% |
Summary: The 28054 real estate market had 146 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 70 | 79 | +12.9% |
| 4 Bedrooms | 20 | 25 | +25.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The 28054 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28054, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 28054 in March 2024, up by 3.2% month-over-month. Of the 32 sold homes, 53% were sold under asking, 38% were sold at asking, and 9% were sold over asking.
Days on Market for 28054, NC
How long does it take to sell a home in 28054, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 53 Days | +21.6% |
Summary: Homes in 28054 had an average of 53 days on market in Mar 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28054 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in 28054; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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