Is 28204, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 28204 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270.5K | $297K | +9.8% |
2 Bedrooms | $375K | $376K | 0.3% |
3 Bedrooms | $605K | $816K | +34.9% |
4 Bedrooms | $938.9K | $983.6K | +4.8% |
5+ Bedrooms | $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%.
Housing Supply in 28204, NC
How many homes are available in 28204, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
21 | 28 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 6 | 10 | +66.7% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 2 | 2 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 4 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 81 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
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.