Is 28208, 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, 28208 has remained a Seller's Market.
Housing Prices in 28208, NC
How much do homes in 28208, NC cost?
Median Sold Price
$359,089
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28208 was $359,089 in March 2024, up 5.6% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $170K | -30.6% |
2 Bedrooms | $295K | $312.5K | +5.9% |
3 Bedrooms | $320K | $340.1K | +6.3% |
4 Bedrooms | $450K | $424K | -5.8% |
5+ Bedrooms | $516K | $769.9K | +49.2% |
Summary: 28208 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 49.2%.
Housing Supply in 28208, NC
How many homes are available in 28208, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
181 | 209 | +15.5% |
Summary: The 28208 real estate market had 209 homes for sale in March 2024, a 15.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 54 | 60 | +11.1% |
3 Bedrooms | 99 | 114 | +15.2% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 28208 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 11.1%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 37 | -7.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 28208 in March 2024, down by 7.5% month-over-month. Of the 37 sold homes, 49% were sold under asking, 22% were sold at asking, and 30% were sold over asking.
Days on Market for 28208, NC
How long does it take to sell a home in 28208, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 30 Days | -46.6% |
Summary: Homes in 28208 had an average of 30 days on market in Mar 2024, down by 46.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in 28208; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.