Is 28207, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, 28207 was a Seller's Market.
Key Takeaway
28207 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 28207, NC
How much do homes in 28207, NC cost?
Median Sold Price
$1,200,000
$426/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in 28207 have sold for 24.8% more than they did a year ago.
Summary: The median home sold price in 28207 was $1,200,000 in November 2023, up 24.8% from last year, and the median price per square foot was $426.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215.5K | $226.5K | +5.1% |
| 2 Bedrooms | $302.3K | $381K | +26.0% |
| 3 Bedrooms | $1.2M | $1.2M | +2.5% |
| 4 Bedrooms | $1.6M | $1.8M | +12.5% |
| 5+ Bedrooms | $2.5M | $2.8M | +9.7% |
Summary: 28207 housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 28207, NC
How many homes are available in 28207, NC?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 68 | 60 | -11.8% |
Summary: The 28207 real estate market had 60 homes for sale in November 2023, a 11.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 27 | 22 | -18.5% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 28207 housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28207, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 28207 in November 2023, down by 47.1% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% 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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 13 Days | 23 Days | +74.6% |
Summary: Homes in 28207 had an average of 23 days on market in Nov 2023, up by 74.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were 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 2023, 9 homes were sold in 28207; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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Listing information Copyright © 2023 Triad Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Triad MLS, Inc. of High Point, NC. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. The broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.