Is 28115, 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, 28115 has remained a Seller's Market.
Housing Prices in 28115, NC
How much do homes in 28115, NC cost?
Median Sold Price
$427,383
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28115 was $427,383 in March 2024, up 4.2% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $161K | $164K | +1.9% |
2 Bedrooms | $233.7K | $239K | +2.2% |
3 Bedrooms | $355.6K | $355.5K | 0% |
4 Bedrooms | $432K | $470K | +8.8% |
5+ Bedrooms | $535.6K | $524.9K | -2.0% |
Summary: 28115 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 28115, NC
How many homes are available in 28115, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
238 | 230 | -3.4% |
Summary: The 28115 real estate market had 230 homes for sale in March 2024, a 3.4% 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 | 12 | 16 | +33.3% |
3 Bedrooms | 97 | 98 | +1.0% |
4 Bedrooms | 83 | 80 | -3.6% |
5+ Bedrooms | 46 | 36 | -21.7% |
Summary: The 28115 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 increased by 1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 21.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 66 | +17.9% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in 28115 in March 2024, up by 17.9% month-over-month. Of the 66 sold homes, 64% were sold under asking, 21% were sold at asking, and 15% were sold over asking.
Days on Market for 28115, NC
How long does it take to sell a home in 28115, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 45 Days | -12.2% |
Summary: Homes in 28115 had an average of 45 days on market in Mar 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 66 homes were sold in 28115; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.