Is 28227, 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, 28227 has remained a Seller's Market.
Housing Prices in 28227, NC
How much do homes in 28227, NC cost?
Median Sold Price
$401,291
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28227 was $401,291 in March 2024, up 8.6% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.5K | $107.5K | -9.3% |
2 Bedrooms | $235.7K | $250K | +6.0% |
3 Bedrooms | $334.9K | $358.9K | +7.2% |
4 Bedrooms | $471.6K | $502.5K | +6.5% |
5+ Bedrooms | $634K | $619.9K | -2.2% |
Summary: 28227 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in 28227, NC
How many homes are available in 28227, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
219 | 236 | +7.8% |
Summary: The 28227 real estate market had 236 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 19 | 16 | -15.8% |
3 Bedrooms | 111 | 124 | +11.7% |
4 Bedrooms | 62 | 60 | -3.2% |
5+ Bedrooms | 25 | 34 | +36.0% |
Summary: The 28227 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 decreased by 15.8%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 36%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 65 | +25.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in 28227 in March 2024, up by 25.0% month-over-month. Of the 65 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% were sold over asking.
Days on Market for 28227, NC
How long does it take to sell a home in 28227, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 36 Days | -28.7% |
Summary: Homes in 28227 had an average of 36 days on market in Mar 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 65 homes were sold in 28227; 55% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.