Is 28079, 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, 28079 has remained a Seller's Market.
Housing Prices in 28079, NC
How much do homes in 28079, NC cost?
Median Sold Price
$440,208
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28079 was $440,208 in March 2024, up 3.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $270.1K | N/A |
2 Bedrooms | $288K | $294.5K | +2.3% |
3 Bedrooms | $375K | $400K | +6.7% |
4 Bedrooms | $460K | $450K | -2.2% |
5+ Bedrooms | $550K | $564.5K | +2.6% |
Summary: 28079 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 28079, NC
How many homes are available in 28079, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
131 | 162 | +23.7% |
Summary: The 28079 real estate market had 162 homes for sale in March 2024, a 23.7% 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 | 8 | 14 | +75.0% |
3 Bedrooms | 57 | 70 | +22.8% |
4 Bedrooms | 48 | 58 | +20.8% |
5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The 28079 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 increased by 75%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 40 | +17.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 28079 in March 2024, up by 17.6% month-over-month. Of the 40 sold homes, 43% were sold under asking, 28% were sold at asking, and 30% were sold over asking.
Days on Market for 28079, NC
How long does it take to sell a home in 28079, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 38 Days | -34.2% |
Summary: Homes in 28079 had an average of 38 days on market in Mar 2024, down by 34.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 28079; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.