Is 28127, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 28127 was a Seller's Market.
Housing Prices in 28127, NC
How much do homes in 28127, NC cost?
Median Sold Price
$301,500
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28127 was $301,500 in March 2024, down 1.1% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95.5K | $92K | -3.7% |
2 Bedrooms | $165.5K | $168.2K | +1.7% |
3 Bedrooms | $365K | $410K | +12.3% |
4 Bedrooms | $650K | $612.5K | -5.8% |
5+ Bedrooms | $1.1M | $783K | -30.4% |
Summary: 28127 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 30.4%.
Housing Supply in 28127, NC
How many homes are available in 28127, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 98 | +18.1% |
Summary: The 28127 real estate market had 98 homes for sale in March 2024, a 18.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 19 | +35.7% |
2 Bedrooms | 28 | 29 | +3.6% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 28127 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 28127 in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for 28127, NC
How long does it take to sell a home in 28127, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 126 Days | +61.2% |
Summary: Homes in 28127 had an average of 126 days on market in Mar 2024, up by 61.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 28127; 21% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 64% of homes were sold over 90 days.