Is 28226, 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, 28226 has remained a Seller's Market.
Key Takeaway
28226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28226, NC
How much do homes in 28226, NC cost?
Median Sold Price
$616,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28226 have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in 28226 was $616,000 in March 2024, up 14.4% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $187.4K | +8.7% |
| 2 Bedrooms | $249.9K | $287K | +14.8% |
| 3 Bedrooms | $441K | $499.9K | +13.4% |
| 4 Bedrooms | $689K | $750K | +8.8% |
| 5+ Bedrooms | $1.2M | $1.1M | -7.3% |
Summary: 28226 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 7.3%.
Housing Supply in 28226, NC
How many homes are available in 28226, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 160 | 168 | +5.0% |
Summary: The 28226 real estate market had 168 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 20 | +100.0% |
| 3 Bedrooms | 58 | 54 | -6.9% |
| 4 Bedrooms | 66 | 69 | +4.5% |
| 5+ Bedrooms | 24 | 22 | -8.3% |
Summary: The 28226 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 53 | +32.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28226, you could pay more than the asking price. 43.4% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in 28226 in March 2024, up by 32.5% month-over-month. Of the 53 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.
Days on Market for 28226, NC
How long does it take to sell a home in 28226, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 20 Days | -43.0% |
Summary: Homes in 28226 had an average of 20 days on market in Mar 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28226 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 53 homes were sold in 28226; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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