Is 28138, 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, 28138 has remained a Seller's Market.
Key Takeaway
28138 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28138, NC
How much do homes in 28138, NC cost?
Median Sold Price
$286,900
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28138 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 28138 was $286,900 in March 2024, up 7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $140K | +2.2% |
| 2 Bedrooms | $204.9K | $184.5K | -10.0% |
| 3 Bedrooms | $257.7K | $280K | +8.6% |
| 4 Bedrooms | $457.5K | $365K | -20.2% |
| 5+ Bedrooms | $446K | $365K | -18.2% |
Summary: 28138 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes decreased by 18.2%.
Housing Supply in 28138, NC
How many homes are available in 28138, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Summary: The 28138 real estate market had 27 homes for sale in March 2024, a 15.6% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 28138 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 50%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28138, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 28138 in March 2024, down by 61.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for 28138, NC
How long does it take to sell a home in 28138, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 22 Days | -52.1% |
Summary: Homes in 28138 had an average of 22 days on market in Mar 2024, down by 52.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28138 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in 28138; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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