Is 28206, 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, 28206 has remained a Seller's Market.
Housing Prices in 28206, NC
How much do homes in 28206, NC cost?
Median Sold Price
$389,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 28206 was $389,000 in February 2024, up 4.6% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260.7K | - | N/A |
2 Bedrooms | $327.5K | $275K | -16.0% |
3 Bedrooms | $402.5K | $405K | +0.6% |
4 Bedrooms | $365K | $440K | +20.5% |
5+ Bedrooms | $735K | $725K | -1.4% |
Summary: 28206 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in 28206, NC
How many homes are available in 28206, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
52 | 56 | +7.7% |
Summary: The 28206 real estate market had 56 homes for sale in February 2024, a 7.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 32 | 36 | +12.5% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 28206 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 28206 in February 2024, up by 71.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 28206, NC
How long does it take to sell a home in 28206, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 35 Days | -11.1% |
Summary: Homes in 28206 had an average of 35 days on market in Feb 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in 28206; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.