Is 28205, 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, 28205 has remained a Seller's Market.
Key Takeaway
28205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28205, NC
How much do homes in 28205, NC cost?
Median Sold Price
$478,586
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28205 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 28205 was $478,586 in March 2024, down 1.3% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $281K | -4.7% |
| 2 Bedrooms | $386.5K | $390K | +0.9% |
| 3 Bedrooms | $480K | $474.9K | -1.1% |
| 4 Bedrooms | $797.5K | $825K | +3.4% |
| 5+ Bedrooms | $1.0M | $1.2M | +13.9% |
Summary: 28205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in 28205, NC
How many homes are available in 28205, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 240 | 260 | +8.3% |
Summary: The 28205 real estate market had 260 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 45 | 50 | +11.1% |
| 3 Bedrooms | 122 | 126 | +3.3% |
| 4 Bedrooms | 43 | 53 | +23.3% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The 28205 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 68 | +9.7% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28205, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in 28205 in March 2024, up by 9.7% month-over-month. Of the 68 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 27 Days | -43.7% |
Summary: Homes in 28205 had an average of 27 days on market in Mar 2024, down by 43.7% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28205 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 68 homes were sold in 28205; 78% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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