Is 28270, 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, 28270 has remained a Seller's Market.
Key Takeaway
28270 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28270, NC
How much do homes in 28270, NC cost?
Median Sold Price
$623,209
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28270 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 28270 was $623,209 in March 2024, up 8.1% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185.5K | $193.7K | +4.4% |
| 2 Bedrooms | $292.5K | $280K | -4.3% |
| 3 Bedrooms | $424.3K | $475K | +11.9% |
| 4 Bedrooms | $650K | $678K | +4.3% |
| 5+ Bedrooms | $855K | $890K | +4.1% |
Summary: 28270 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 28270, NC
How many homes are available in 28270, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 97 | +11.5% |
Summary: The 28270 real estate market had 97 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 35 | 35 | 0.0% |
| 5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The 28270 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 33 | -8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28270, you could pay more than the asking price. 57.6% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 28270 in March 2024, down by 8.3% month-over-month. Of the 33 sold homes, 18% were sold under asking, 24% were sold at asking, and 58% were sold over asking.
Days on Market for 28270, NC
How long does it take to sell a home in 28270, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 8 Days | -71.7% |
Summary: Homes in 28270 had an average of 8 days on market in Mar 2024, down by 71.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28270 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in 28270; 91% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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