Is 28278, 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, 28278 has remained a Seller's Market.
Key Takeaway
28278 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28278, NC
How much do homes in 28278, NC cost?
Median Sold Price
$476,285
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28278 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 28278 was $476,285 in March 2024, down 1.2% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $512.1K | +93.3% |
| 2 Bedrooms | $373.5K | $400K | +7.1% |
| 3 Bedrooms | $420.6K | $421.9K | 0.3% |
| 4 Bedrooms | $480K | $489K | +1.9% |
| 5+ Bedrooms | $600K | $675.9K | +12.7% |
Summary: 28278 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 12.7%.
Housing Supply in 28278, NC
How many homes are available in 28278, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 188 | 198 | +5.3% |
Summary: The 28278 real estate market had 198 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 86 | 81 | -5.8% |
| 4 Bedrooms | 58 | 64 | +10.3% |
| 5+ Bedrooms | 36 | 43 | +19.4% |
Summary: The 28278 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 25%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 56 | +1.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28278, you may be able to get a good deal. 48.2% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in 28278 in March 2024, up by 1.8% month-over-month. Of the 56 sold homes, 48% were sold under asking, 29% were sold at asking, and 23% were sold over asking.
Days on Market for 28278, NC
How long does it take to sell a home in 28278, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 30 Days | -42.2% |
Summary: Homes in 28278 had an average of 30 days on market in Mar 2024, down by 42.2% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28278 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 56 homes were sold in 28278; 66% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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