Is 28124, 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, 28124 has remained a Seller's Market.
Housing Prices in 28124, NC
How much do homes in 28124, NC cost?
Median Sold Price
$325,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28124 was $325,000 in March 2024, down 7.1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $255.5K | $238.5K | -6.7% |
3 Bedrooms | $325K | $329.5K | +1.4% |
4 Bedrooms | $475K | $415K | -12.6% |
5+ Bedrooms | $445K | $275K | -38.2% |
Summary: 28124 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 decreased by 6.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 38.2%.
Housing Supply in 28124, NC
How many homes are available in 28124, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Summary: The 28124 real estate market had 24 homes for sale in March 2024, a 4.0% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 28124 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 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 28124 in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for 28124, NC
How long does it take to sell a home in 28124, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
93 Days | 126 Days | +35.6% |
Summary: Homes in 28124 had an average of 126 days on market in Mar 2024, up by 35.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 28124; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.