Is 28078, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 28078 has remained a Seller's Market.
Housing Prices in 28078, NC
How much do homes in 28078, NC cost?
Median Sold Price
$530,650
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 28078 was $530,650 in February 2024, up 4.2% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $593.4K | N/A |
2 Bedrooms | $310K | $327.5K | +5.6% |
3 Bedrooms | $407.7K | $410K | +0.6% |
4 Bedrooms | $555.4K | $570.5K | +2.7% |
5+ Bedrooms | $676K | $718.6K | +6.3% |
Summary: 28078 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in 28078, NC
How many homes are available in 28078, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
204 | 221 | +8.3% |
Summary: The 28078 real estate market had 221 homes for sale in February 2024, a 8.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 18 | -5.3% |
3 Bedrooms | 71 | 76 | +7.0% |
4 Bedrooms | 73 | 72 | -1.4% |
5+ Bedrooms | 41 | 55 | +34.1% |
Summary: The 28078 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 34.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
51 | 63 | +23.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in 28078 in February 2024, up by 23.5% month-over-month. Of the 63 sold homes, 48% were sold under asking, 25% were sold at asking, and 27% were sold over asking.
Days on Market for 28078, NC
How long does it take to sell a home in 28078, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
54 Days | 30 Days | -44.3% |
Summary: Homes in 28078 had an average of 30 days on market in Feb 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 63 homes were sold in 28078; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.