Is 28207, 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, 28207 has remained a Seller's 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
$1,100,000
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28207 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 28207 was $1,100,000 in March 2024, up 11.1% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $223K | -5.1% |
| 2 Bedrooms | $315K | $342K | +8.6% |
| 3 Bedrooms | $1.1M | $1.2M | +7.1% |
| 4 Bedrooms | $1.6M | $1.9M | +20.3% |
| 5+ Bedrooms | $2.7M | $2.7M | +1.6% |
Summary: 28207 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in 28207, NC
How many homes are available in 28207, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 75 | +8.7% |
Summary: The 28207 real estate market had 75 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 28207 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28207, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 28207 in March 2024, up by 13.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 66 Days | +71.8% |
Summary: Homes in 28207 had an average of 66 days on market in Mar 2024, up by 71.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28207 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 28207; 65% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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