Is 28173, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28173 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 28173 has remained a Seller's Market.

Key Takeaway

28173 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$34,803(+5.3%)

Key Takeaway

Homes in 28173 have sold for 5.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $540K-
N/A
2 $312.5K$310K
-0.8%
3 $411K$435K
+5.8%
4 $625K$675K
+8.0%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

28277
+7.1%
28173
+5.3%
28112
+5.0%
28104
+4.7%

Housing Supply in 28173, NC

How many homes are available in 28173, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
148172+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 3547
+34.3%
4 5053
+6.0%
5+ 5968
+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 2024Feb 2024CHANGE
3644+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28173, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
51 Days33 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28173 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 28173, NC

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