Is 28163, 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, 28163 was a Seller's Market.
Key Takeaway
28163 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28163, NC
How much do homes in 28163, NC cost?
Median Sold Price
$392,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28163 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 28163 was $392,500 in March 2024, up 9.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $86.5K | N/A |
| 2 Bedrooms | $247.5K | $173K | -30.1% |
| 3 Bedrooms | $346K | $385K | +11.3% |
| 4 Bedrooms | $477K | $418.5K | -12.3% |
| 5+ Bedrooms | $425K | $430.9K | +1.4% |
Summary: 28163 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 30.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 28163, NC
How many homes are available in 28163, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 38 | -11.6% |
Summary: The 28163 real estate market had 38 homes for sale in March 2024, a 11.6% 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 | 2 | -50.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The 28163 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 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28163, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 28163 in March 2024, down by 64.3% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 28163, NC
How long does it take to sell a home in 28163, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 87 Days | +66.8% |
Summary: Homes in 28163 had an average of 87 days on market in Mar 2024, up by 66.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28163 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in 28163; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.