Is 28202, 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, 28202 has remained a Seller's Market.
Housing Prices in 28202, NC
How much do homes in 28202, NC cost?
Median Sold Price
$391,250
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28202 was $391,250 in March 2024, up 3% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $309.5K | +10.5% |
2 Bedrooms | $430K | $525K | +22.1% |
3 Bedrooms | $740K | $630.5K | -14.8% |
4 Bedrooms | $825K | $2.8M | +239.4% |
5+ Bedrooms | $962.5K | - | N/A |
Summary: 28202 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 22.1%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 239.4%, and 5+ bedroom homes did not change.
Housing Supply in 28202, NC
How many homes are available in 28202, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 101 | +7.4% |
Summary: The 28202 real estate market had 101 homes for sale in March 2024, a 7.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 31 | 38 | +22.6% |
2 Bedrooms | 39 | 39 | 0.0% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 28202 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.6%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 27 | -3.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 28202 in March 2024, down by 3.6% month-over-month. Of the 27 sold homes, 78% were sold under asking, 7% were sold at asking, and 15% were sold over asking.
Days on Market for 28202, NC
How long does it take to sell a home in 28202, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 37 Days | -37.1% |
Summary: Homes in 28202 had an average of 37 days on market in Mar 2024, down by 37.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 28202; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.