Is 28120, 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, 28120 has remained a Seller's Market.
Housing Prices in 28120, NC
How much do homes in 28120, NC cost?
Median Sold Price
$365,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28120 was $365,000 in March 2024, up 2% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | - | N/A |
2 Bedrooms | $235K | $245K | +4.3% |
3 Bedrooms | $341.6K | $344.2K | +0.8% |
4 Bedrooms | $442.5K | $425K | -4.0% |
5+ Bedrooms | $472K | $670K | +41.9% |
Summary: 28120 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 4.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 41.9%.
Housing Supply in 28120, NC
How many homes are available in 28120, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 112 | +16.7% |
Summary: The 28120 real estate market had 112 homes for sale in March 2024, a 16.7% 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 | 18 | 17 | -5.6% |
3 Bedrooms | 51 | 61 | +19.6% |
4 Bedrooms | 20 | 24 | +20.0% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 28120 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 5.6%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 27 | +35.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 28120 in March 2024, up by 35.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 37% were sold at asking, and 19% were sold over asking.
Days on Market for 28120, NC
How long does it take to sell a home in 28120, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 41 Days | -11.1% |
Summary: Homes in 28120 had an average of 41 days on market in Mar 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 28120; 67% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.