Is 28097, 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, 28097 has remained a Seller's Market.
Key Takeaway
28097 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28097, NC
How much do homes in 28097, NC cost?
Median Sold Price
$390,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28097 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 28097 was $390,000 in March 2024, up 6.4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $59.5K | -55.9% |
| 2 Bedrooms | $255.4K | $300K | +17.4% |
| 3 Bedrooms | $355K | $359.5K | +1.3% |
| 4 Bedrooms | $451.5K | $425.5K | -5.8% |
| 5+ Bedrooms | $491K | $413.7K | -15.7% |
Summary: 28097 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.9%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 15.7%.
Housing Supply in 28097, NC
How many homes are available in 28097, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The 28097 real estate market had 49 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 28097 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 100%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28097, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 28097 in March 2024, up by 85.7% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.
Days on Market for 28097, NC
How long does it take to sell a home in 28097, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 82 Days | +32.6% |
Summary: Homes in 28097 had an average of 82 days on market in Mar 2024, up by 32.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 28097 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 13 homes were sold in 28097; 38% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
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