Is 28078, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28078 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 28078 has remained a Seller's Market.

Key Takeaway

28078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$21,214(+4.2%)

Key Takeaway

Homes in 28078 have sold for 4.2% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$593.4K
N/A
2 $310K$327.5K
+5.6%
3 $407.7K$410K
+0.6%
4 $555.4K$570.5K
+2.7%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

28036
+6.3%
28078
+4.2%
28031
+2.7%
28269
+1.3%
28216
-0.7%

Housing Supply in 28078, NC

How many homes are available in 28078, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
204221+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1918
-5.3%
3 7176
+7.0%
4 7372
-1.4%
5+ 4155
+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 2024Feb 2024CHANGE
5163+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28078, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
54 Days30 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28078 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 28078, NC

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