Is 28083, 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, 28083 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81K | $85K | +4.9% |
2 Bedrooms | $196.5K | $209K | +6.4% |
3 Bedrooms | $290K | $290K | 0.0% |
4 Bedrooms | $341.9K | $324.9K | -5.0% |
5+ Bedrooms | $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%.
Housing Supply in 28083, NC
How many homes are available in 28083, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 132 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 28 | 33 | +17.9% |
3 Bedrooms | 53 | 75 | +41.5% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 7 | 7 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 26 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 33 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
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.