Is 28173, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 28173 has remained a Seller's Market.
Housing Prices in 28173, NC
How much do homes in 28173, NC cost?
Median Sold Price
$687,803
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 28173 was $687,803 in February 2024, up 5.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $540K | - | N/A |
2 Bedrooms | $312.5K | $310K | -0.8% |
3 Bedrooms | $411K | $435K | +5.8% |
4 Bedrooms | $625K | $675K | +8.0% |
5+ Bedrooms | $809K | $829.9K | +2.6% |
Summary: 28173 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 28173, NC
How many homes are available in 28173, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
148 | 172 | +16.2% |
Summary: The 28173 real estate market had 172 homes for sale in February 2024, a 16.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 35 | 47 | +34.3% |
4 Bedrooms | 50 | 53 | +6.0% |
5+ Bedrooms | 59 | 68 | +15.3% |
Summary: The 28173 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 34.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 15.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
36 | 44 | +22.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in 28173 in February 2024, up by 22.2% month-over-month. Of the 44 sold homes, 41% were sold under asking, 14% were sold at asking, and 45% were sold over asking.
Days on Market for 28173, NC
How long does it take to sell a home in 28173, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
51 Days | 33 Days | -34.7% |
Summary: Homes in 28173 had an average of 33 days on market in Feb 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 44 homes were sold in 28173; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.