Is 28104, 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, 28104 has remained a Seller's Market.
Key Takeaway
28104 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28104, NC
How much do homes in 28104, NC cost?
Median Sold Price
$575,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28104 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 28104 was $575,000 in March 2024, up 7.4% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.2M | N/A |
| 2 Bedrooms | $310K | $303K | -2.3% |
| 3 Bedrooms | $385K | $385K | 0.0% |
| 4 Bedrooms | $650K | $735K | +13.1% |
| 5+ Bedrooms | $804.5K | $1.1M | +36.7% |
Summary: 28104 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 decreased by 2.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 36.7%.
Housing Supply in 28104, NC
How many homes are available in 28104, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 95 | 110 | +15.8% |
Summary: The 28104 real estate market had 110 homes for sale in March 2024, a 15.8% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 33 | 39 | +18.2% |
| 5+ Bedrooms | 19 | 28 | +47.4% |
Summary: The 28104 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 33.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 47.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28104, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 28104 in March 2024, up by 37.0% month-over-month. Of the 37 sold homes, 46% were sold under asking, 30% were sold at asking, and 24% were sold over asking.
Days on Market for 28104, NC
How long does it take to sell a home in 28104, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 29 Days | +9.2% |
Summary: Homes in 28104 had an average of 29 days on market in Mar 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28104 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 37 homes were sold in 28104; 62% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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