Is 28110, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 28110 has remained a Seller's Market.
Key Takeaway
28110 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28110, NC
How much do homes in 28110, NC cost?
Median Sold Price
$392,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28110 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 28110 was $392,500 in April 2024, up 4.3% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $264.9K | +164.9% |
| 2 Bedrooms | $215K | $231.9K | +7.9% |
| 3 Bedrooms | $335.8K | $355K | +5.7% |
| 4 Bedrooms | $437.4K | $450K | +2.9% |
| 5+ Bedrooms | $500K | $516K | +3.2% |
Summary: 28110 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 164.9%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 28110, NC
How many homes are available in 28110, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 199 | 203 | +2.0% |
Summary: The 28110 real estate market had 203 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 102 | 98 | -3.9% |
| 4 Bedrooms | 56 | 58 | +3.6% |
| 5+ Bedrooms | 29 | 37 | +27.6% |
Summary: The 28110 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 27.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 69 | +38.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28110, you may be able to get a good deal. 37.7% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in 28110 in April 2024, up by 38.0% month-over-month. Of the 69 sold homes, 38% were sold under asking, 26% were sold at asking, and 36% were sold over asking.
Days on Market for 28110, NC
How long does it take to sell a home in 28110, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 33 Days | -38.4% |
Summary: Homes in 28110 had an average of 33 days on market in Apr 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28110 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 69 homes were sold in 28110; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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