Is 28217, 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, 28217 has remained a Seller's Market.
Key Takeaway
28217 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28217, NC
How much do homes in 28217, NC cost?
Median Sold Price
$407,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28217 have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in 28217 was $407,000 in March 2024, up 19.6% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $130.7K | -15.6% |
| 2 Bedrooms | $252.5K | $284.7K | +12.8% |
| 3 Bedrooms | $330K | $375K | +13.6% |
| 4 Bedrooms | $402K | $434.5K | +8.1% |
| 5+ Bedrooms | $365K | $552.6K | +51.4% |
Summary: 28217 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 51.4%.
Housing Supply in 28217, NC
How many homes are available in 28217, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 | 81 | +3.8% |
Summary: The 28217 real estate market had 81 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 46 | 48 | +4.3% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 28217 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 22.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28217, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in 28217 in March 2024, down by 4.2% month-over-month. Of the 23 sold homes, 35% were sold under asking, 39% were sold at asking, and 26% were sold over asking.
Days on Market for 28217, NC
How long does it take to sell a home in 28217, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +12.4% |
Summary: Homes in 28217 had an average of 37 days on market in Mar 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28217 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in 28217; 70% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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