Is 28105, 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, 28105 has remained a Seller's Market.
Key Takeaway
28105 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28105, NC
How much do homes in 28105, NC cost?
Median Sold Price
$488,731
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28105 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 28105 was $488,731 in March 2024, up 8.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $258K | $351.2K | +36.1% |
| 3 Bedrooms | $376.2K | $390.9K | +3.9% |
| 4 Bedrooms | $530K | $545K | +2.8% |
| 5+ Bedrooms | $635K | $647.3K | +1.9% |
Summary: 28105 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 36.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 28105, NC
How many homes are available in 28105, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 102 | -13.6% |
Summary: The 28105 real estate market had 102 homes for sale in March 2024, a 13.6% decrease 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 | 11 | 5 | -54.5% |
| 3 Bedrooms | 37 | 39 | +5.4% |
| 4 Bedrooms | 45 | 41 | -8.9% |
| 5+ Bedrooms | 25 | 17 | -32.0% |
Summary: The 28105 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 decreased by 54.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 32%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 27 | -32.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28105, you could pay more than the asking price. 70.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 28105 in March 2024, down by 32.5% month-over-month. Of the 27 sold homes, 19% were sold under asking, 11% were sold at asking, and 70% were sold over asking.
Days on Market for 28105, NC
How long does it take to sell a home in 28105, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 13 Days | -69.0% |
Summary: Homes in 28105 had an average of 13 days on market in Mar 2024, down by 69% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28105 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in 28105; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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