Is 28205, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 28205 has remained a Seller's Market.
Housing Prices in 28205, NC
How much do homes in 28205, NC cost?
Median Sold Price
$485,302
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 28205 was $485,302 in February 2024, up 1.7% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $294K | $283K | -3.7% |
2 Bedrooms | $382.5K | $390K | +2.0% |
3 Bedrooms | $474.1K | $475.1K | 0.2% |
4 Bedrooms | $792.5K | $862.5K | +8.8% |
5+ Bedrooms | $1.0M | $1.2M | +17.8% |
Summary: 28205 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in 28205, NC
How many homes are available in 28205, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
212 | 240 | +13.2% |
Summary: The 28205 real estate market had 240 homes for sale in February 2024, a 13.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 38 | 44 | +15.8% |
3 Bedrooms | 109 | 126 | +15.6% |
4 Bedrooms | 42 | 40 | -4.8% |
5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The 28205 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
43 | 56 | +30.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in 28205 in February 2024, up by 30.2% month-over-month. Of the 56 sold homes, 46% were sold under asking, 23% were sold at asking, and 30% were sold over asking.
Days on Market for 28205, NC
How long does it take to sell a home in 28205, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 45 Days | +8.3% |
Summary: Homes in 28205 had an average of 45 days on market in Feb 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 56 homes were sold in 28205; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.