Is 28273, 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, 28273 has remained a Seller's Market.
Key Takeaway
28273 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28273, NC
How much do homes in 28273, NC cost?
Median Sold Price
$375,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28273 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 28273 was $375,000 in March 2024, up 1.5% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $263.3K | $271K | +2.9% |
| 3 Bedrooms | $350K | $359K | +2.6% |
| 4 Bedrooms | $429K | $428K | -0.2% |
| 5+ Bedrooms | $510K | $514K | +0.8% |
Summary: 28273 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 28273, NC
How many homes are available in 28273, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 112 | 118 | +5.4% |
Summary: The 28273 real estate market had 118 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 56 | 45 | -19.6% |
| 4 Bedrooms | 22 | 32 | +45.5% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The 28273 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 12.5%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 40 | +14.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28273, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 28273 in March 2024, up by 14.3% month-over-month. Of the 40 sold homes, 65% were sold under asking, 15% were sold at asking, and 20% were sold over asking.
Days on Market for 28273, NC
How long does it take to sell a home in 28273, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 44 Days | +10.0% |
Summary: Homes in 28273 had an average of 44 days on market in Mar 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28273 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 40 homes were sold in 28273; 57% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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