Is 28212, 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, 28212 has remained a Seller's Market.
Key Takeaway
28212 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28212, NC
How much do homes in 28212, NC cost?
Median Sold Price
$315,605
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28212 have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in 28212 was $315,605 in March 2024, down 1.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $154K | +10.0% |
| 2 Bedrooms | $200K | $195.6K | -2.2% |
| 3 Bedrooms | $320K | $325K | +1.6% |
| 4 Bedrooms | $384K | $375K | -2.3% |
| 5+ Bedrooms | $425.7K | $402.5K | -5.5% |
Summary: 28212 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in 28212, NC
How many homes are available in 28212, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 97 | +22.8% |
Summary: The 28212 real estate market had 97 homes for sale in March 2024, a 22.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 38 | 52 | +36.8% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 28212 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 25 | +56.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28212, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 28212 in March 2024, up by 56.3% month-over-month. Of the 25 sold homes, 64% were sold under asking, 16% were sold at asking, and 20% were sold over asking.
Days on Market for 28212, NC
How long does it take to sell a home in 28212, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 38 Days | -30.6% |
Summary: Homes in 28212 had an average of 38 days on market in Mar 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28212 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 28212; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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