Is 28166, 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, 28166 was a Buyer's Market.
Key Takeaway
28166 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28166, NC
How much do homes in 28166, NC cost?
Median Sold Price
$377,900
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28166 have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in 28166 was $377,900 in March 2024, down 4.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $155K | $240.5K | +55.2% |
| 3 Bedrooms | $337K | $361.1K | +7.2% |
| 4 Bedrooms | $449.3K | $400.3K | -10.9% |
| 5+ Bedrooms | $452.9K | $461.2K | +1.8% |
Summary: 28166 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 55.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in 28166, NC
How many homes are available in 28166, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 135 | 130 | -3.7% |
Summary: The 28166 real estate market had 130 homes for sale in March 2024, a 3.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 57 | 54 | -5.3% |
| 4 Bedrooms | 49 | 47 | -4.1% |
| 5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The 28166 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28166, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 28166 in March 2024, down by 4.0% month-over-month. Of the 24 sold homes, 63% were sold under asking, 29% were sold at asking, and 8% were sold over asking.
Days on Market for 28166, NC
How long does it take to sell a home in 28166, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 54 Days | -27.1% |
Summary: Homes in 28166 had an average of 54 days on market in Mar 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28166 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in 28166; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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