Is 28209, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 28209 has remained a Seller's Market.
Key Takeaway
28209 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28209, NC
How much do homes in 28209, NC cost?
Median Sold Price
$656,677
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28209 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 28209 was $656,677 in April 2024, up 7.7% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288K | $309K | +7.3% |
| 2 Bedrooms | $340K | $355.7K | +4.6% |
| 3 Bedrooms | $597.5K | $650.9K | +8.9% |
| 4 Bedrooms | $1.1M | $1.1M | +2.3% |
| 5+ Bedrooms | $1.6M | $1.7M | +5.2% |
Summary: 28209 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in 28209, NC
How many homes are available in 28209, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 154 | 155 | +0.6% |
Summary: The 28209 real estate market had 155 homes for sale in April 2024, a 0.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 31 | 28 | -9.7% |
| 3 Bedrooms | 68 | 63 | -7.4% |
| 4 Bedrooms | 31 | 30 | -3.2% |
| 5+ Bedrooms | 19 | 29 | +52.6% |
Summary: The 28209 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 52.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28209, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in 28209 in April 2024, up by 10.0% month-over-month. Of the 44 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.
Days on Market for 28209, NC
How long does it take to sell a home in 28209, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 35 Days | -9.1% |
Summary: Homes in 28209 had an average of 35 days on market in Apr 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28209 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in 28209; 73% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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