Is 28204, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28204 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 28204 was a Seller's Market.

Key Takeaway

28204 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 28204, NC

How much do homes in 28204, NC cost?

Median Sold Price

$720,000

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$171,820(+31.3%)

Key Takeaway

Homes in 28204 have sold for 31.3% more than they did a year ago.

Summary: The median home sold price in 28204 was $720,000 in February 2024, up 31.3% from last year, and the median price per square foot was $339.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $270.5K$297K
+9.8%
2 $375K$376K
0.3%
3 $605K$816K
+34.9%
4 $938.9K$983.6K
+4.8%
5+ $919K$1.2M
+40.1%

Summary: 28204 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 34.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 40.1%.

Median Sold Price Compared To Nearby Zip Codes

28204
+31.3%
28207
+10.6%
28203
+6.7%
28202
+6.6%
28205
+1.7%

Housing Supply in 28204, NC

How many homes are available in 28204, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2128+33.3%

Summary: The 28204 real estate market had 28 homes for sale in February 2024, a 33.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 13
+200.0%
2 42
-50.0%
3 610
+66.7%
4 811
+37.5%
5+ 22
0.0%

Summary: The 28204 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28204, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 28204 in February 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 28204, NC

How long does it take to sell a home in 28204, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
38 Days81 Days+110.0%

Summary: Homes in 28204 had an average of 81 days on market in Feb 2024, up by 110% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28204 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 4 homes were sold in 28204; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 28204, NC

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