Is 28216, 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, 28216 has remained a Seller's Market.
Housing Prices in 28216, NC
How much do homes in 28216, NC cost?
Median Sold Price
$344,240
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28216 was $344,240 in March 2024, up 0.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87K | $80K | -8.0% |
2 Bedrooms | $250K | $245K | -2.0% |
3 Bedrooms | $315K | $325K | +3.2% |
4 Bedrooms | $399K | $385K | -3.5% |
5+ Bedrooms | $494.5K | $527.5K | +6.7% |
Summary: 28216 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in 28216, NC
How many homes are available in 28216, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
226 | 240 | +6.2% |
Summary: The 28216 real estate market had 240 homes for sale in March 2024, a 6.2% 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 | 20 | 29 | +45.0% |
3 Bedrooms | 135 | 139 | +3.0% |
4 Bedrooms | 64 | 64 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 28216 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 45%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 59 | -1.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in 28216 in March 2024, down by 1.7% month-over-month. Of the 59 sold homes, 46% were sold under asking, 34% were sold at asking, and 20% were sold over asking.
Days on Market for 28216, NC
How long does it take to sell a home in 28216, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 41 Days | -17.9% |
Summary: Homes in 28216 had an average of 41 days on market in Mar 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 59 homes were sold in 28216; 61% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.