Is 28214, 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, 28214 has remained a Seller's Market.
Key Takeaway
28214 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28214, NC
How much do homes in 28214, NC cost?
Median Sold Price
$356,633
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28214 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 28214 was $356,633 in March 2024, up 3.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.5K | $105K | -1.4% |
| 2 Bedrooms | $247.2K | $265K | +7.2% |
| 3 Bedrooms | $330K | $332.6K | +0.8% |
| 4 Bedrooms | $375K | $389K | +3.7% |
| 5+ Bedrooms | $435K | $484.3K | +11.4% |
Summary: 28214 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 11.4%.
Housing Supply in 28214, NC
How many homes are available in 28214, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 232 | 237 | +2.2% |
Summary: The 28214 real estate market had 237 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 145 | 147 | +1.4% |
| 4 Bedrooms | 71 | 70 | -1.4% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The 28214 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 14.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 75 | +36.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28214, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in 28214 in March 2024, up by 36.4% month-over-month. Of the 75 sold homes, 45% were sold under asking, 39% were sold at asking, and 16% were sold over asking.
Days on Market for 28214, NC
How long does it take to sell a home in 28214, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 30 Days | -41.0% |
Summary: Homes in 28214 had an average of 30 days on market in Mar 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28214 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 75 homes were sold in 28214; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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