Is 28117, 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, 28117 has remained a Seller's Market.
Housing Prices in 28117, NC
How much do homes in 28117, NC cost?
Median Sold Price
$634,444
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 28117 was $634,444 in April 2024, up 5.9% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299K | $1.3M | +351.5% |
2 Bedrooms | $305K | $320K | +4.9% |
3 Bedrooms | $441.2K | $485K | +9.9% |
4 Bedrooms | $746.5K | $877.6K | +17.6% |
5+ Bedrooms | $735K | $623.7K | -15.1% |
Summary: 28117 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 351.5%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 15.1%.
Housing Supply in 28117, NC
How many homes are available in 28117, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
246 | 276 | +12.2% |
Summary: The 28117 real estate market had 276 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 22 | +29.4% |
3 Bedrooms | 72 | 88 | +22.2% |
4 Bedrooms | 118 | 127 | +7.6% |
5+ Bedrooms | 39 | 39 | 0.0% |
Summary: The 28117 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 increased by 29.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 57 | -3.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in 28117 in April 2024, down by 3.4% month-over-month. Of the 57 sold homes, 60% were sold under asking, 25% were sold at asking, and 16% were sold over asking.
Days on Market for 28117, NC
How long does it take to sell a home in 28117, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 52 Days | +144.8% |
Summary: Homes in 28117 had an average of 52 days on market in Apr 2024, up by 144.8% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 57 homes were sold in 28117; 58% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.