Is 28211, 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, 28211 has remained a Seller's Market.
Housing Prices in 28211, NC
How much do homes in 28211, NC cost?
Median Sold Price
$734,300
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28211 was $734,300 in March 2024, up 6.3% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $231.5K | $251.5K | +8.6% |
2 Bedrooms | $273.3K | $312K | +14.2% |
3 Bedrooms | $547.7K | $605K | +10.5% |
4 Bedrooms | $775K | $787.5K | +1.6% |
5+ Bedrooms | $1.7M | $2.3M | +32.9% |
Summary: 28211 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 32.9%.
Housing Supply in 28211, NC
How many homes are available in 28211, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
157 | 166 | +5.7% |
Summary: The 28211 real estate market had 166 homes for sale in March 2024, a 5.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 36 | 39 | +8.3% |
4 Bedrooms | 61 | 59 | -3.3% |
5+ Bedrooms | 43 | 52 | +20.9% |
Summary: The 28211 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 20.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 45 | +28.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in 28211 in March 2024, up by 28.6% month-over-month. Of the 45 sold homes, 44% were sold under asking, 20% were sold at asking, and 36% were sold over asking.
Days on Market for 28211, NC
How long does it take to sell a home in 28211, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 44 Days | +28.3% |
Summary: Homes in 28211 had an average of 44 days on market in Mar 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in 28211; 69% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.