Is 28305, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 28305 was a Seller's Market.
Housing Prices in 28305, NC
How much do homes in 28305, NC cost?
Median Sold Price
$268,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28305 was $268,500 in March 2024, down 10.5% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $145K | -11.0% |
2 Bedrooms | $146K | $170.8K | +17.0% |
3 Bedrooms | $256K | $270.7K | +5.8% |
4 Bedrooms | $335K | $375K | +11.9% |
5+ Bedrooms | $402.5K | $599.9K | +49.1% |
Summary: 28305 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 49.1%.
Housing Supply in 28305, NC
How many homes are available in 28305, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 51 | -1.9% |
Summary: The 28305 real estate market had 51 homes for sale in March 2024, a 1.9% decrease 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 | 16 | 17 | +6.3% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 28305 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 6.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 28305 in March 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for 28305, NC
How long does it take to sell a home in 28305, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 56 Days | -21.9% |
Summary: Homes in 28305 had an average of 56 days on market in Mar 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 28305; 0% of homes were sold within 30 days, 86% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.