$6,650 Closing Credit*
$560,000
1,400 SqFt
3 Beds
•3 Full Baths
Listing Office: Helen Adams Realty
Is 28207, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 28207 was a Neutral Market.
Key Takeaway
28207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28207, NC
How much do homes in 28207, NC cost?
Median Sold Price
$1,400,000
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$200,000(+16.7%)
Key Takeaway
Homes in 28207 have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in 28207 was $1,400,000 in November 2024, up 16.7% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231.8K | $225K | -3.0% |
| 2 Bedrooms | $380.5K | $350K | -8.0% |
| 3 Bedrooms | $1.2M | $1.9M | +57.8% |
| 4 Bedrooms | $1.8M | $1.8M | +0.6% |
| 5+ Bedrooms | $2.8M | $3.1M | +11.5% |
Summary: 28207 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 57.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in 28207, NC
How many homes are available in 28207, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 64 | -11.1% |
Summary: The 28207 real estate market had 64 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 12 | 6 | -50.0% |
Summary: The 28207 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28207, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 28207 in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 28207, NC
How long does it take to sell a home in 28207, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 35 Days | +105.1% |
Summary: Homes in 28207 had an average of 35 days on market in Nov 2024, up by 105.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28207 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 28207; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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