Is 28083, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28083 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 28083 has remained a Seller's Market.

Key Takeaway

28083 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28083, NC

How much do homes in 28083, NC cost?

Median Sold Price

$275,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,083(+2.6%)

Key Takeaway

Homes in 28083 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 28083 was $275,000 in March 2024, up 2.6% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $81K$85K
+4.9%
2 $196.5K$209K
+6.4%
3 $290K$290K
0.0%
4 $341.9K$324.9K
-5.0%
5+ $359K$465K
+29.5%

Summary: 28083 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 6.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 29.5%.

Median Sold Price Compared To Nearby Zip Codes

28138
+7.0%
28081
+6.0%
28088
+5.0%
28083
+2.6%
28023
-4.3%

Housing Supply in 28083, NC

How many homes are available in 28083, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
103132+28.2%

Summary: The 28083 real estate market had 132 homes for sale in March 2024, a 28.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2833
+17.9%
3 5375
+41.5%
4 1416
+14.3%
5+ 77
0.0%

Summary: The 28083 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 17.9%, 3 bedroom homes increased by 41.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1226+116.7%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28083, you may be able to get a good deal. 73.1% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 28083 in March 2024, up by 116.7% month-over-month. Of the 26 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% were sold over asking.

Days on Market for 28083, NC

How long does it take to sell a home in 28083, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
37 Days33 Days-10.5%

Summary: Homes in 28083 had an average of 33 days on market in Mar 2024, down by 10.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28083 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 26 homes were sold in 28083; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 12% 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 19 Days Ago

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