Is 28203, 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, 28203 has remained a Seller's Market.
Housing Prices in 28203, NC
How much do homes in 28203, NC cost?
Median Sold Price
$666,565
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28203 was $666,565 in March 2024, up 3% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $305K | +1.7% |
2 Bedrooms | $445K | $500K | +12.4% |
3 Bedrooms | $714K | $707.6K | -0.9% |
4 Bedrooms | $1.0M | $1.2M | +16.3% |
5+ Bedrooms | $1.5M | $1.9M | +27.0% |
Summary: 28203 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 27%.
Housing Supply in 28203, NC
How many homes are available in 28203, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 96 | +20.0% |
Summary: The 28203 real estate market had 96 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 23 | +35.3% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 15 | 23 | +53.3% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 28203 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 28203 in March 2024, up by 37.5% month-over-month. Of the 22 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.
Days on Market for 28203, NC
How long does it take to sell a home in 28203, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 20 Days | -29.9% |
Summary: Homes in 28203 had an average of 20 days on market in Mar 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 28203; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.